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Itron, Inc. Message Board

  • rkm_golf rkm_golf May 5, 1998 11:24 AM Flag

    Annual Meeting

    Anybody going to the Annual Meeting tomorrow? If so, please give us a report!

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    • What do this boards posters think of Itron's news
      released yesterday where they're buying back one million
      shares? It sounds to me that all the recent hype from
      Itron re their gloomy prediction of a loss for the next
      Q was infact intended at lowering the share price,
      so that Itron could buyback at around $16 a piece.
      That's an old trick that seems to work every time and I
      bet that the next news from Itron would not be so
      pessimistic...... not after they'll buy back their million shares.
      It'll be interesting to see.

      Any thoughts on
      this fellows?

      • 2 Replies to itausam
      • I have sold my position in this lousy company,
        but visit this board to see who else is in misery.
        THIS COMPANY CAN'T MAKE ANY MONEY. They are buying
        back stock because it is the only damn way they know
        to kite the price. If you think they are
        deliberately beating down the price, dream on.

      • How does buying 13% of their shares back add any
        value to the company? Strickly from a net asset
        standpoint each share that is left is worth just as much as
        before the buyback. In fact, because the company has to
        barrow money to fund this exercise, the future earnings
        will be lower by however much interest is paid on
        those barrowed funds. Even if they had a cash surplus,
        earnings would be lower by the amount of the foregone
        earnings on interest earned from the reduced

        I think that if management would pay attention to
        sales, reasearch and productivity, the stock price would
        take very good care of itself. I also think that all
        this consern about how low the stock price is at a
        given time is silly. If YOU believe the price is too
        low, then that is good and you should take advantage
        of that fact. BUY!

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