17 thoughts on “Great Day for a Buyback”

  2. You could always take the dividend and buy back the shares on your own…

    On Tue, Feb 25, 2020 at 12:59 PM The Texas Pacific Land Trust Investor wrote:

    > tpltblogger posted: “Oh.. Wait. ” >

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  3. Part of the reason many of us own the stock are the benefits of the buybacks. The two twit trustees don’t give a damm. HK doesn’t want to see TPL management own more shares. So, here we are getting dividends we (speaking personally) do not want or need.

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  4. This stock will fall 30%+ after conversion to c corp. The valuation relative to c/mlp peers is very far out of whack on any metric. Management will also get paid a boat load more once done for overseeing the drop. No ETF is buying this either. Good luck owning it

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  5. They don’t have peers? There plenty of mineral companies that are similar enough to guess where this will trade if liquidity improves.

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  7. At the end of the year we will have (at least) around $420M on cash if there is no buybacks. If this price holds we can retire 590.000 shares or 7,6% of total outstanding.

    Seems obvius that buybacks are going to come back. There is no better alternatives to allocate all that money.

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  9. Hope all you redlip sticked cheerleaders are happy with what you have created. Hope I am still around to pick up the peanuts that you and the instigaters have left us.

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      • You would serve this board well to educate the users as to the obligations of trustees. They are fiduciaries, just as Mr.Stahl is to the people whose money he is managing. His alignment with their interests is the same as the Trustees are to us subshare holders and he has no choice but to represent their interest. The law of Trustees tells him how he must represent them.
        The same with the Trustees of the trust in which we hold an interest. Ask any trustee if he must follow the recommendation of the beneficiaries (often referred to as trust babies for a good reason)
        On the other hand ,Mr Stahl is obligated to manage his clients interests as if their money was his (which it is not) which can, for certain ,conflict with the our interests .
        My judgment is that he ,so far, has failed to serve his obligations to them. As well as damaging us shareholders in the Trustee. I suppose he can claim he is serving them by acquiring more shares at a cheaper price. As for your attribution of hatred on me, hate is such an overused epithet that it has lost its meaning to me.

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