Quote:
Originally Posted by Bigdaddy
Less than half of publicly traded stocks pay dividends. Would you say then that over half are not investments and the buyers are just speculating?
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They are still investments. Their pricing is based on intrinsic valuation. There is underlying income there although the company reinvests it, rather than paying it out. The fact they don't pay dividends makes them riskier. Many people who buy and sell stock are speculating for sure.