Recently a contributor stated that MAGI was not
going broke!! That may well be the case, I do follow a
small oil and gas company that has filed for protection
from its creditors by filing for Chapter 11
bankruptcy. The only point I want to make is that the stock
of that company is performing better than MAGIs. Its
crash and MAGIs' crash were very similar. So maybe
bankruptcy exists not only through formal application, but
also in the eyes [mind] of the investor.
Actually, AT&T has a $4 billion buyback in
Also, you are an idiot if you think company buybacks
are not good for the stockholder. Where is your
Ever hear of demand vs. supply???? The
price of anything in a free (efficient) market is
driven by demand vs supply. What do you think would
happen to the price of the stock if MDA did not buy back
shares? Go down?....moron!
It doesn't matter if
its MDA buying back shares or an institution buying
back shares....as long as there are more buyers than
sellers, the share price will rise! If MDA was not buying
back the shares, then the share price would probably
be below $3.00 right now.
What a moron!
<<Hell, he has lost more on his stock then
he will will make in years.>>
theory. In reality, he made 12 mil this year, is making
it as we speak, and he did not lose a dime on the
stock drop. Because, he cannot sell a single share
anyway... nor, does he or anyone there with large amounts
have a desire to do so. They are happy with the money
they make each year. They are all getting wealthy, in
cash, by any measure. The stock is gravy and only of
interest when the company is sold. THAT one is not
opinion.... it's from the various horses' mouths.
Thom and KR walked off with 70% of the
earnings!!! MAGI has been raped!!! The share value has
declined 80%. The market values MAGI as though it is
bankrupt. The corporate structure was designed for GREED.
<TK would make a lot more $$$ if he built up
MDA> I agree and all of the other companies in my
portfolio have a corporate structure to cause just that.
MAGI is different though. Inspite of the blood of
Christ message, the corporate structure of MAGI was
designed to satisfy the short term greed of Thom. Thom and
KR really are making big bucks by raping MAGI and
its other shareholders.
You are obviously upset with the management of
the company. But there is a new CEO who is trying to
re-establish momentum. Let's see how this all plays out. Or if
you are no longer confident in the abilities of the
management team, you should sell.
I am an investor
like you. Never met any of the management team. Did
not buy the stock for income nor was it ever
advertised as such. Would not like dividends because I would
have to pay taxes on them (double taxation - first the
company and then me.)
I applaud this buyback move
because it is in ALL stockholders' interest. And it shows
that the company believes the stock is undervalued. If
they were buying with the knowledge that the company
was going to sustain further erosion of its business,
they would be at serious risk of a shareholder
Hope this helps. God Bless.
Thom cannot slowly sell stock. It would appear on
the insider trading list as he did it and cause GREAT
consternation. Thom is stuck holding what he has. As was
Now, for Negd[0wejcvwjwehj: or, can I just call you,
Brenda? (Yawn, do indeed post the identity denial if you
OK, point at a time:
ultimately drives the price of the stock.>>
that why MDA is at 4X EPS, and most stocks are at 10,
20 or 30?
<<There is nothing unethical
about this practice. It is widespread in industry and
actually shows that the company is confident that the
stock will trade higher.>>
OH, so it IS
widespread and IS a practice. So, it is true. Thank you for
establishing the validity of the theory. And it shows the
company is confident the stock will go up? The stock need
not go up for it to benefit the majority holders when
the company is sold. It has nothing to do with
trading higher. It is a way of cheating investor of
dividends. Period. Put whatever label on it you wish.
<<It is also better for those stockholders that don't
like paying taxes to Uncle Sam than if the company
were to pay a dividend instead>>
waiting for any stockholders here to say they would
rather have this buyback than to pay taxes on dividends
which would cause the stock price to soar.
Street has already spoken as to the 'benefit' of the
buyback to stockholders. They sold. The affect that a 10%
buyback had on EPS was 3/10th of a cent last quarter.
hey, hey, hey.
The affect it has on Thom
Kinkade's and Ken Rauusch's personal shares, was to raise
it from, in effect, 3.3 to 3.6 million shares
each... or whatever the numbers are now.
think I am wrong. Maybe Nebcwowefnwe is not Brenda at
all. Sounds actually more like ole Kenny Bob Raausch
Meanwhile, the facts are the facts. The buyback was slow and
did not help minority holders. The rest is more MDA
management lies and deceit and practices that most
NON-Christian businesses would not engage in.
in the middle of any buyback? Disney? AT&T?
Or is it just the kind folks at MDA, striving as
always to maximize the value for its minority holders?