Great comment. So simple yet so many get it wrong. Natural human behaviour that companies and shareholders usually get wrong especially in commodity businesses. I would add that the most recent sector that seems to be jumping on this wave is technology. The recent "short-term" investors who claim they want the best for a company, forcing management teams to buy back stock or pay dividends so they could get their gains and set off in the sunset is insane. What makes it worse is the fast changing landscape tech firms face hence the need to carry large piles of cash. The recent pressure from Icahn on Apple is a perfect example of this and depending on outcome could play into the scenario you mention above. Seems that the Icahn cheerleaders forgot or have no idea (likely just corporate pirates) what happened to apple in the 80's. Thanks guys, love these short comments.