@Rationalize so it should be even less then wouldn't it? Because that cash doesn't earn me any interest and it's better to have 1 bird in the hand than 10 bucks in transit
I was thinking the company earns a return on the cash "in transit", and probably at a better rate than the shareholder would. Thus stock worth slightly more than $90, lol.
%% Good points; investors like dividends also. That maybe why Paul T Jones gave his clients some capital back, in his hedge fund-same principal , even if was NOT called a dividend. Some great trends pay no dividends ; some do.