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BIOLASE, Inc. Message Board

  • billberggren billberggren Oct 18, 2004 4:00 AM Flag

    BLTI no more good news.

    BLTI has learned an important leasson there is no need to pump a stock with good news with a buyback program. In fact with a buyback program you should pump negative news and buy back an extra 1 million shares for a good price. The price is so low now, I remember when the stock was 14 and losing a point was no big deal. If they lose a point now, they are losing 20 percent of the entire value of the company. This is a wonderful situation. Pump negative news and try to get about 10-15 percent growth.

    BLTI is in a great position no debt and not losing much (I hope). Hopefully they fire a few non-performers and get back in the green. The 3rd quarter is usually their growth quarter so I am concerned a bit.

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    • <<BLTI has learned an important leasson there is no need to pump a stock with good news with a buyback program>>

      I feel vindicated. I've been unimpressed with the buyback and dividend, and management in general for many months now. When sales are slowing buybacks are pointless and transparaent attempts to manipulate and pump up market cap. I'm glad to see more folks saying it/seeing it now. But not everybody thought sales were slowing I guess...

      DD

      • 1 Reply to donchiandude
      • < I feel vindicated. I've been unimpressed with the buyback and dividend, and management in general for many months now. When sales are slowing buybacks are pointless and transparaent attempts to manipulate and pump up market cap. I'm glad to see more folks saying it/seeing it now. But not everybody thought sales were slowing I guess... >

        I have been studying stocks for a while now I am not a professional, but one of the most important indicators according to both Buffet and Lynch is shares outstanding. The indicator shows whether options are being abused.

        As for the buybacks they should be sustainable.
        They went too quick early. They should start another plan, with hopes of buying the stock cheap on negative news. Just think of all the shares they could buy back at these low prices.

        BLTI would of never had a class action lawsuit if they would have never made these 50 percent growth forecasts. Why even put them in writing it will only get you into trouble. If you lean towards safety in your statements, as they have been lately, you will never give fodder for lawsuits.

        But, as you say the most important thing is sales and earnings growth and being in the black.

 
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