Charlie Munger once said, "Pay close attention to the cannibals – the businesses that are eating themselves by buying back their stock."
$IDXX has bought back almost half of its shares outstanding since 1999, while its EPS has grown 4,690%.
And the stock? Up 7,100% in the same period.
$IDXX has bought back almost half of its shares outstanding since 1999, while its EPS has grown 4,690%.
And the stock? Up 7,100% in the same period.