As a thought experiment could you have a publicly traded company with zero revenue and zero assets. It’s literally paper. What would stop its stock from “mooning” if the Keynesian beauty contest or the global stock casino decided it should?
What mechanism pushes the other way? Nobody pays dividends anymore.
As a thought experiment could you have a publicly traded company with zero revenue and zero assets. It’s literally paper. What would stop its stock from “mooning” if the Keynesian beauty contest or the global stock casino decided it should?
What mechanism pushes the other way? Nobody pays dividends anymore.