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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: M. Charles Swope who wrote (1659)9/2/1999 8:33:00 PM
From: D. Newberry  Read Replies (1) of 15615
 
M. Charles,

<< Fast growing businesses do not typically buy back stock. >>

Something to keep in mind, however, is that one of the best assets a fast growing company has is its' high stock price. This allows the company to acquire others with their paper rather than cash. It is therefore in the companies interest to turn this stock price around, since future purchases will likely be needed to get the business where it needs to go.

Despite this sickening drop, I still feel the fundamentals of this company are excellent. Once I feel this sell off is over, I plan to add to my position.

Regards,
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