Samsung (XKRX:000830, Financial)’s shares were strong in the quarter after the company reported better-than-expected results and a transformative share repurchase plan.
Samsung has long-frustrated many investors because management accumulated too much cash in the last decade. We think the increased commitment to shareholder returns could attract more attention to the stock over time.
From the Yacktman Focused Fund (Trades, Portfolio) fourth quarter 2015 commentary.
