Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: J Gunn who wrote (1619)	9/1/1999 9:12:00 PM
From: DlphcOracl	Read Replies (2) of 15615

J Gunn: Regarding GBLX stock buyback, this is not a negative. The stock is very oversold because of the uncertainty with the Frontier. Buying back shares at bargain prices ALWAYS makes good sense and enhances the value of the shares by reducing the float. The great companies (GE, IBM, in particular) try to buy back shares on dips for just this reason.

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