Why a Piece of Chocolate Costs More Than a Porsche Taycan
Mar 16 2021, 12:10 PM
March 14 2021, 7:22 AM
March 16 2021, 12:10 PM
(Bloomberg Opinion) If you were thinking of companies that might want to increase the value of their shares by buying back stock, Lindt & Sprungli AG would likely come near the bottom of the list.
(Bloomberg Opinion) If you were thinking of companies that might want to increase the value of their shares by buying back stock, Lindt & Sprungli AG would likely come near the bottom of the list.
Primary shares in the Swiss chocolate-maker closed at 81,600 Swiss francs ($87,650) apiece March 1. That s roughly enough money to buy a brand-new electric Porsche Taycan, or a five-bedroom house with a vineyard in Portugal. The next day, Lindt announced plans to buy back 750 million Swiss francs of equity, edging the shares closer to the record 93,800 franc level they peaked at last February.
Why a Piece of Chocolate Costs More Than a Porsche Taycan
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Theme
It had to happen eventually. Out of all the countries in the world, the hacking back debate has finally entered the political discourse in neutral Switzerland. While it is still too early to determine where the discussion will be heading toward, it is also the perfect time to insert a new perspective on hacking back.
Summary
This analysis will try to build a new baseline by explaining the fragmented history of hacking back and outlining varying degrees of operational intensity to refine a more nuanced understanding of hacking back.
1 Having said that, given the small number of publicly known cases, writing about hacking back is similar to putting together a 1000-piece puzzle with a mere 20 pieces while having only a rough idea as to what the complete picture actually looks like.