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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 72.66-1.1%10:37 AM EST
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To: 10K a day who wrote (25594)3/11/2001 12:15:53 AM
From: Rational   of 28311
 
True, if a company does not pay dividends (although a stock buy-back is a form of dividend), then why invest in that stock? My rationale is that if a genuinely good business (such as InfoSpace) has become severely undervalued, other overvalued companies will buy it using their over-valued scrips to generate synergy and market power. Creation of value from such synergy and perpetuation of market power is the essence of capitalism.
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