A Real-World Example yePurogiramu yeChikomborero CheStock
Imwe nzira yandinoona isina kukoshesa pfuti ndeyokutsvakurudza makambani anoratidza kuderedzwa kukuru mune zvikamu zvezvitoro zvinowanikwa pane imwe nguva yemakore akawanda. Nguva yakawanda, iyo inofadza mamiriro ezvinhu inokonzerwa nechimwe chinhu chinozivikanwa sechinhu chokudzikinura purogiramu, apo kambani inoshandisa mari kutenga zvigaro zvayo payo uye inoparadza zvikamu izvozvo kuitira kuti pfuma nenhumbi dzinofanira kuparadzaniswa pakati pe "zvidimbu" ".
Iyi ndiyo nzira yandakatanga kuwana AutoZone, iyo yakabva kubva ku $ 25 nehafu kusvika kune $ 150 nehafu, uye yakapa mubhadharo pasi mumba mangu. Ndakatsanangura kuti sei mathemoni ekudzikinurwa kwezvitengo anogona kuve akajeka muHow Share Resurchases Inogona Kuwedzera EPS kune Vashandi .
Njodzi dzinogona kuitika dzekutengesa kwekambani
Kune dzimwe njodzi chaiyo pamwe nekugadzirisa mapurogiramu mapurogiramu. Izvi zvinosanganisira:
- Kana vatungamiri vanopedza mari yakawanda sechikamu chekudzikinurwa kwezvitengo, kuregererwa kunogona kukuvara. Apo hupfumi huchibva pamagwenga, zvinoita kuti hurumende inofanirwa kuparidzira kubhadhara nokuti vakanga vasina pfuma yakakwana yezvino kuti iite kuburikidza nedambudziko.
- Kana mutengo wakabhadharwa kugoverwa kwega rimwe sechikamu chekudzikinurwa kwezvitengo kwakakwirira kwazvo, kutenga kwezvitengo kunogona kuparadza kukosha. Zvingaita sekutenga $ 1 mari ye $ 2. Pasinei nokuwana imwe yekambani, vashandi venguva refu vangave varombo mushure mekutengeserana.
- Kana kuwanikwa kunouya pamwe chete nevatungamiri vanoda chaizvo, zvinogona kuita zvinhu zvoupenzi kuvhara chikamu, zvakadai sekubudisa zvitsva zvitsva pamutengo wakaderera pane zvaibhadharwa sechikamu chekudzikinurwa kwezvitengo. Ingotarisa Kraft Foods pakurwisana CEO iri neWarren Buffett !
- Hapana mutero wemubhadharo unokweretwa, kunyange zvazvo kugoverana kunowanikwa kune zvikwereti zvakasununguka kumashure.
Sonic Restaurant uye It's Massive Stock Repurchase Plan
Vhiki yakapera, ndakatora imwe yemakambani angu, Mount Olympus Awards, LLC (iyo yakawanda tsamba yejacket muzvitengesi paInternet), inotora mapoka mazana maviri eSaic restaurant kuitira kuti ndione. Sonic mutengesi wekutengesa-muzvitoro kuUnited States, asi kunyanya muSouth uye Midwest. Kunyange zvazvo inoshanda kune dzimwe nzvimbo dzayo, purogiramu yakawanda yebatsiro inobva kubhadharo yemari, mari, uye mamwe mari kubva kune vashandi vezvematongerwo enyika avo vakatora pfungwa kubva kune kambani uye vanobhadhara kushanda pasi pezita rezita raSaic.
Makore anoverengeka adarika, vatungamiri veSonic vakasarudza kuti yaida kupa mubairo vashandi vane purogiramu yakawanda yekudzikinura purogiramu. Kupfuura purogiramu iyi, kambani yakashandisa mari inodarika madhora mazana matanhatu emadhora ekudzikinura zvinenge mamiriyoni makumi matatu emadhora ematokari, uye zvizhinji zvebhadharo iri kubhadhara nekupa chikwereti kwenguva refu . Izvi zvakatora zvikamu zvakakosha kubva pamamiriyoni 91 mamiriyoni kusvika pamamiriyoni makumi matanhatu nemamiriyoni
Hezvino vashandisi vatsva vanofanira kufunga nezvekutengeserana uku: Pamberi purogiramu yekudzikinura, Sonic yakagurwa kusvika muzvikamu zvitatu zvemamiriyoni, kana "zvikamu". Izvi zvaireva kuti mari yose yekambani yaifanira kugoverwa nemamiriyoni 91 uye chikamu chimwe nechimwe chaiva nekodzero yekuita 1 / 91,000,000th yemari.
Nokukwereta mari inodarika madhora mazana matanhatu emadhora uye kushandisa mari yekubhadhara kuwanikwa kwezvitengo, Sonic akakwanisa kuenda kumusika wekutengesa, kutenga 30,000,000 zvezvikamu zvaro, nekuzviparadza. Iye zvino, semugumisiro wekudzikinurwa kwezvitengo, zvikamu zvese zvakakosha ndeye 61,000,000. Izvozvo zvinoreva kuti mari yekambani uye zvikwereti zvakagoverwa muzvikamu makumi matanhatu nemamiriyoni uye chidimbu chimwe nechimwe, kana kuti "mugove", ine kodzero yekuita 1 / 61,000,000th.
Mambure ekutengeswa kwezvitengo ndeokuti mugove mumwe we Sonic stock ikozvino unomiririra wega wega mubhizinesi. Mune mamwe mazwi, kunyange kana munhu aisachengetedza asina kutenga imwe chete mugove mutsva, huri hwavo hwaSaic hwakawedzera mushure mekutengesa kwekutengesa kwekutengesa nokuti kwaive nehomwe mashomanana akakurumbira.
Icho chinonyadzisa ndechekuti Sonic iye zvino anofanira kubhadhara mari yekutora mari yemari yakakwereta, iyo inoderedza purofiti.
Zvichida kuti zvikwereti zvezvikwereti zvakanga zviri pedyo nekusingaperi-nguva, uye mari iyo inobhadhara inotora-inobviswa kumakambani, Sonic akasarudza ichi chaishandiswa zvakanaka mari. Sezvo mari inowanikwa inowanikwa kubva mumaresitorendi uye nekutengesa franchise kwemakore mashomanana anotevera, vatungamiri vanotenda kuti inogona kusangana nemari yezvisungo .
Muchidimbu, fungidzira Sonic aive nevana vatatu chete. Imi, ini, uye nemumwe wechitatu anonzi Mr. Market . Iwe neni takaenda kubhangi tikakwereta boka remari kuti tipe Mr. Market . Takamupa cheki, tikasaina zvinyorwa zvechikwereti , uye tikaparadza mugove wake. Iye zvino, kambani yedu ine mapato maviri chete. Kunyange zvazvo kune chikwereti chakawanda, uye mari yekutora, ini neni tava nekambani yose, zvinobatsira nefuma chete zvinofanira kuparadzaniswa nenzira mbiri pane nzira 3. Tinoronga kushandisa mashandisirwo kubva kubhizinesi kubhadhara chikwereti mumakore mashomanana anotevera. Izvi ndezvipi, pamwero mukuru, ndeupi Sonic akaita neurongwa hwekudzikinura.
Kuongorora Sonic Restaurant Stock Repurchase Plan
Icho chakanga chiri chinhu chakanaka kune varairidzi? Ndizvo zviri nani here, kana kuti zvakanyanya kuipa, zvichibva pamutengo wezvitengo? Mhinduro yacho inosvika pane maitiro ekutungamira kunozviita pachavo pamusoro pekuuya kwegore 3-10.
Iwe unoona, mushure mekugadzirisa nyaya yese yezvinyorwa uye zvimwe zvikonzero (izvo zvisingasviki nepamusoro pechinyorwa chino), zvinoratidzika kuti Sonic yakabhadhara $ 22.69 pamwero wega wega wega yekutenga iyo yakatengwa uye yakaparadzwa sechikamu chekudzikinurwa kwezvitengo. Nhasi, Sonic shares inotengeswa ne $ 8.35 mumwe nomumwe, kana chete masentimita 37 podhora. Chikamu cheizvi chikonzero nekuda kwechikwereti chakakura chemajeri uye vashandi vemajitari vanotya chero chinhu chisati chiri chakanaka chebhuruu chip stocks .
Muchidimbu, zvinogona kuonekwa kuti chirongwa chekudzikinurwa kwezvitengo chakaita kuti pfuma yakawanda iparare nokuti iyo kambani yose ikozvino inoshandiswa kudarika zvikamu zvakatengwa pamatengo akakwirira! Hazvisi nyore.
Kana sarudzo yeSunic inogona kuramba ichingobhadhara mari uye ichideredza chikwereti, mari yezvikwereti inofanira kuramba ichiwira. Pane imwe nguva, pakati pekuzvininipisa mune zvezvemari, hutsva huri kukura, uye kuderedzwa kwekweretwa kwepanyama, purogiramu inofanira kusvika kune imwechete iyo yaive isati yasvika purogiramu yekudzikinura chikaitika. Kana izvozvo zvikaitika, iyo purogiramu iyo ichaparadzaniswa mamiriyoni makumi matanhatu nemashanu pane nzvimbo 91 mamiriyoni nguva, zvichireva kuti mari inowanikwa negavo inofanira kuva yakakwirira kwazvo. Pakutengesa kwakanaka, izvi zvinogona kuisa sengo panzvimbo yakakwirira zvikuru kupfuura ye $ 8.35 ikozvino iyo inoshambadzira.