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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (47818)3/7/2006 10:11:09 AM
From: Perspective  Read Replies (1) of 116555
 
ACS, AN - Lever up, baby:

thestreet.com
thestreet.com

Great quote in the second article:

Generally, a company uses a Dutch auction to repurchase shares for two reasons, says Matt Rhodes-Kropf, a professor at Columbia Business School. Management believes the stock is a bargain, or big shareholders are trying to liquidate.

"This tends to be very good to stock prices over time," said Rhodes-Kropf. "If you are buying back shares, you think the company is undervalued. Who thinks the company is undervalued? The CEO. And he's one to know."


Here's a stock chart for them:

finance.yahoo.com

Given the stock price, which do you think it is?

Oh, and guess who owns a ton of each:
biz.yahoo.com
biz.yahoo.com

I think I know which it is. There oughta be a law...

BC
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