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Pastimes : Home on the range where the buffalo roam

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To: pbull who wrote (9373)10/11/2002 10:16:18 AM
From: im a survivor  Read Replies (1) of 13815
 
ATML up 35% ( but still under $1...so get it while you can <ggg> )on earnings news....will meet estimates, demand is picking up STRONGLY in several areas, future guidance was very positive and they announced that they have been, and will continue to buy back 100 million shares....oh yea...they are also retiring some of their debt, and their cash went up versus 3 months ago period.....

Anyway, why would atml be buying back their stock, if they were planning chapter 11, or if survival looked iffy? By buying shares, it leads me to believe that management thinks the future looks bright and they will be here to enjoy it....no guarantees...but I certainly cant see why ANY company would buy back their own stock if they knew things looked bad...they would dump like everybody else...not buy.
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