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  • readum98 readum98 Sep 8, 1998 10:27 AM Flag

    Share buyback

    Let me explain myself. I still believe the
    company this management has put together can survive and
    thrive. Therefor, from the standpoint of market dynamics,
    management makes the grade.

    But, and here is where
    the seeming contradiction comes in, the same
    management is showing no guts in its own plans. If what
    appears to be a great company has a stock selling at ten
    times earnings, why isn't managment out buying up every
    share they can flush out (both with their own money and
    our corporate money)?

    Does this clarify my
    stance? I really do not consider myself a wishy washy
    investor. Hope this helps. Still want to see the buyback.

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