Kaspi's CEO (Michael Khodorkovsky implied) suspended dividends for 12-18 months to invest in Turkey expansion, stock crashed (got 'taken out back and shot'), but once Turkey expansion was completed the CEO resumed 10% dividend yields—demonstrating management willing to sacrifice short-term shareholder returns for long-term value creation
factualpending
Speaker
Monish PabraiEvidence Quote
“He shut off the dividend...they took the stock out back and shot it...he made his bets, the stock has collapsed, and then he said now we've made our investments in Turkey we're turning the dividend back on...just took like a 18-month pause”
Created: 8/12/2026, 6:21:10 PM
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