CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 123.81

+1.6%

Dec 5 9:30 AM EST

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To: Frank Povoski who wrote (5387)	3/25/1998 10:58:00 AM
From: ted quinn	Read Replies (1) of 8193

Excellent post, Frank! You are 100% right. If the management believed in the future of the company, they would be buying stock out of their own pocket at today's "low" price. They might do it because they want to make money (just like all investors) or to show they believe in the company. They did a lot of insider buying back in 95, but none since then. Cashing in options are not the same thing as buying stock (and Wall Street knows the difference.) Options are freebies; buying stock is putting your money where your mouth is. Indirectly, the CRUS management and directors are telling Wall Street that they don't believe enough in the company's prospects to dip into their pockets to buy stock, even in today's rip-roaring bull market. Obviously, they think they'll make more money investing in Intel stock or wherever their money is parked. Is it any wonder that Wall Street has continued to have strong doubts? The current management nearly destroys the company, then goes thru 2 restructurings, now is shifting its focus yet again, profit outlook and strategic vision unclear, AND not a single insider has bought a single share in 2 years!

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