Letters to the editor
On stock dilution and rigging the market
Dilutaphobia-phobia
Your article on share dilution (“Dilutaphobia” Vol. 4, No. 11) was dumb. Of course dilution hurts returns. It’s simple math—when a company dilutes shareholders, the same amount of earnings is split amongst more people. You also brush off real concerns about control when it comes to dilution. Investors aren’t paranoid for no reason.
— J…