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They've been buying a thing with the intention of increasing the perceived value of the thing, which will make the perceived value of their company increase, giving them more clout to buy more of the thing.
Sounds exactly like bybacks!
I'm not saying MicroStrategy is a model of effective use of resources to produce useful stuff, etc, but I'm not sure what it's doing is worse by objective measures than current standard corporate practice.
frank9755
I'm just reading what you've written.
They've been buying a thing with the intention of increasing the perceived value of the thing, which will make the perceived value of their company increase, giving them more clout to buy more of the thing.
As you said... what fundamentals?