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Technology Stocks : Optical Cable Corporation - OCCF
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To: George8 who wrote (413)1/24/2003 7:02:09 AM
From: ChrisJP   of 449
 
Hi George,

I think the $3M was well spent too. Now no one has to worry about 1.5M shares being dumped on the market. It also increases the % ownership per share.

Price to sales is an Internet-bubble measurement. Stick with price to earnings. If you like the company, call them up and ask how they came up with the $3M to buy the shares and what effect will paying back the $3M have on their quarterly bottom line.

Thanks,
Chris
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