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Wouldn't it be nice to find a non-US, non-dividend paying stock that did capital allocation properly but I could decide when to take profits? I fired up the FT screener and was quickly lost as I didn't really know how to narrow it down. I tried looking for European stocks with no dividend and a Turkish bank was the only result, suggesting I don't know what I'm doing. Anyone else exploring along these lines?

Rgds,
HH/Sean

FRFHF? (Fairfax Holdings, Canada.)
Has a 1.13% dividend. If you don't like it, I can send you my Venmo request so you can donate it.
It is up sharply in the last two years.
Watsa has made questionable bets in the past. Hedging against US stocks in 2012 IIRC, investing in India. Stock price is dependent on him making good decisions.

It seems to be a tough search. The European firms which might fall into the category of "well managed capital allocation for the long haul" are generally fairly old firms, and generally have large shareholding by founding families, both of which correlate with a history of dividends.

However there are some good firms that don't pay huge dividends (not built around that as their investment attraction) which might be worth considering. Just ignore the dividend.
Investor AB looks like a pretty high quality firm. Current payout around 1.79%
A random blogger's post about them, which gives a pretty good introduction https://outsiderscorner.substack.com/p/investor-ab...

The share price isn't cheap, it rarely is, but it's back to around where it was around a year ago.

For Americans: It doesn't trade in the US. If you see a mention of the ADR, I believe it was discontinued.

Jim

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