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Politics : Ask Michael Burke

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To: Chuzzlewit who wrote (71044)	11/28/1999 1:05:00 PM
From: Skeeter Bug	Read Replies (1) of 132070

>>That's because you fail to appreciate the financial mathematics behind multiyear stock buybacks.<< i understand them. i also understand that they are not a reason to buy a company. the business is. i don't want companies that believe buying back their stock will return MORE than building their business over the long term. we may have to agree to disagree. as for the offering, les believes it was a debt offering and not a stock offering. he could be right. but now you have a problem. a cash flow monster needs DEBT?????? yet continues to buy stock with free cash flow? whoah..... ultra.zacks.com

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