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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (30723)7/12/2001 8:00:29 AM
From: Wes Stevens  Read Replies (1) of 37746
 
Velo they made their operating money in the quarter. What they lost was on investments. They have for years had the problem of too much money in the bank. What do you do with it? If your stock is low in price you buy it back. They thought it was better to invest in new companies. Wrong decision. But the bottom line is they still made money. A one time write off is always ignored unless bad decisions get to be a habit. The write off is done and they get the tax break from it. Going forward is the key.
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