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In his latest quarterly, Andrew Redleaf calls some of the high flyers "Never, Nevers."
"A Never, Never is a public firm that will never, never make profitability its first priority and will never, never willingly deliver a penny of cash back to shareholders. It will never pay a dividend; it may never buy back stock. Shareholders may never make a buck reselling to greater fools."
Comments
Yes, he is openly shorting these companies.