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Technology Stocks : CGRM Centigram
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To: David R who wrote (90)4/15/1997 8:30:00 PM
From: Red Dragon   of 333
 
You are right. They made a "killing" shorting their stock at 34 and covering at 10!

The buyback will certainly help EPS by reducing the number of shares outstanding. Plus, CGRM is so thinly traded, steady buying could really boost the stock. Hopefully, it is also a sign that they feel their future is bright enough that the best value for their cash is their own stock.
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