According to Axalta Coating Systems' (AXTA) Statement of Cash Flows on its 10-Q for Third Quarter 2018, the company expended $147.8 million of owners' cash in the first nine months of 2018; and, per its most recent 10-K, spent and additional $58.4 million in 2017 for the combined purpose of repurchasing common shares from the market. AXTA management has, as of 30 September 2018, spent $206.2 million of owners' cash for stock repurchases. A natural question for a continuing owner of the enterprise would be, " how much have myself and fellow owners gained for the $200 million + we have implicitly authorized going out the door to departing shareholders ?" How else would the wisdom of the management be judged? AXTA's financial statements filed with the SEC also demonstrate that during the 21-month period of 31 December 2016 through 30 September 2018 the company's diluted common shares outstanding fell from 240.5 million to 239.6 million. Dividing
On August 3, 2011 , Nasdaq.com published an article authored by Louis Navellier, titled “ 5 100 Billion Stocks Not Worth a Dime of Your Money". Navellier wrote, “ Given that future profits in the stock market are a function of profit growth, owning a $100 billion stock makes little sense .” Navellier's original article Berkshire Hathaway, Inc. (BRK), the conglomerate controlled by Warren Buffett, was Navellier’s top target for dissuading would-be investors. Among other mistakes, Navellier, without elaboration or substantiation , stated that BRK should be avoided while it was selling at premium prices. Navellier patently failed to describe his method for determining the intrinsic business value of Berkshire Hathaway; that knowledge would be necessary to wax eloquent as to whether the company was selling at a premium or at a discount. The ensuing seven years has demonstrated that Navellier was radically wrong . At the time of Navellier's article in 2011, B