三星的抛售是由对其股东回报计划的失望所驱动，该计划低于预期且偏重股息，可能表明管理层认为股价昂贵；盈利不及预期幅度较小，不足以证明下跌的合理性。

Samsung was down as much as it was in the Korean market.

Samsung announced their quote unquote shareholder rep return plan. They announced it Friday after the market closed and it was a program that is promising like 90 to 111 trillion of of you know Korean dollars going back and that just wasn't enough for the market. The market was expecting a bigger buyback and bigger return plan than than they had in mind. So look at this. Samsung down 8.7%.

That's quite a lot. That's a That's a big move in a day. Now, obviously, memory stocks have been doing very well. Uh so, you know, we're not back at the LEO pole, LEO fold, full margin, all-in debt levels of uh June and July. But, you know, the stock's still up 259% over the last year, which is freaking awesome.

So a lot of people are going to be looking at the memory sector today to see what ends up happening uh with uh with our pricing over here. I uh I do think there are well I mean we'll go through a good bit of memory research here uh today but I think a lot of folks h have to remember that the market is often driven by expectations and so what what did we have with Samsung?

So, what happened with Samsung? So Samsung also missed on earnings per share. They missed on revenue by about a quarter of a percent. So very nominal actually there. They missed on earnings per share by 1.77%. So a little bit more. Does that really justify a 9% sell-off? No. But they also had their shareholder plan that they revealed.

So there were expectations that Samsung would return as much as 200 trillion one. So they came in at a 100red trillion. They came in at literally to the dime the lowest possible end.

At least 140 was a regular expectation. Yeah. And and the returns they announced were really closer to 90 to 110 if you include some dividends. Maybe maybe closer to 104 to 110.

Barclays had increased its buyback expectations JP Morgan div okay dividend heavy structure was key to the disappointment investors wanted a larger more immediate buyback oh that's really interesting

it remains unclear why Samsung management team chose a dividend over a buyback as we believe many investors prefer the buyback as a more effective option right well because they want to see the stock get pumped up but honestly it might be a little bit of a signal that Samsung thinks the stock is too expensive right that's possible because if you're if you're buying back your own stock. Oh, I bet you that's exactly what it is. Just think about this logically for a moment. Okay, let's say you run, you know, an ice cream stock and your stock's trading for a,000 bucks and you're looking at the financials going, thousand bucks, that's nice for this stock. I know the books. This puppy's worth like 500 bucks on a good day. uh you know and then and then it's trading for a thousand bucks. People are like, "Hey, you should do buybacks." It's like, "Yeah, we'll return some shareholder capital, but uh let's just do some dividends." Why? Because if it goes back to $500, if you bought the share back, now you've got an L, right?

Cash dividends were p prioritized over share cancellation. This is a quote coming from uh who is this? NH Investment

That Samsung selloff is really pissing everybody off. Damn.

Samsung stocks down 8.9 or 8.7%.