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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: chaz who wrote (52581)8/29/2002 4:39:13 PM
From: Mike Buckley  Read Replies (2) of 54805
 
Chaz,

On the one hand we've seen a good many firms announcing buybacks, which means they rather think their own shares are good values

I think it means they think their shares have fallen a lot and that it's politically correct to announce a buyback program. There is usually huge divergence between the announcement of a share buyback program and the purchase of shares actually being bought.

--Mike Buckley
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