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International Business Machines Corporation Message Board

  • homersaidthestockwouldgoup homersaidthestockwouldgoup Oct 7, 2008 8:51 PM Flag

    Unethical Option Machine


    This company is just a stock option machine for the benefit of the senior executives. They control the cash flow and instead of doing something strategic with the cash, they just buy their own stock back, keeping the price up and their $35 options well in the green. They've been doing this for years, and all you longs have been supporting it. Even the major funds in this stock have been taken for chumps. Meanwhile, they exported thousands of jobs overseas and showed other companies how to do it too. They directly hurt the country while enriching themselves by influencing the stock price through excessive buy backs, but no one cares. Certainly not the morons at the SEC, certainly not the equally greedy wall street firms, certainly not the politicians like Clinton and Shumer who did nothing to stop the flow of jobs overseas.

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