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

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To: Crimson Ghost who wrote (70689)	10/30/2007 12:42:14 PM
From: mishedlo	Read Replies (3) of 116555

Stock Buybacks: A Good Thing Or Slipped DISCs? globaleconomicanalysis.blogspot.com In Feb Ambac borrowed $400 million to buy back shares. Shortly thereafter the former CEO and the current CEO each dumped over $10 million worth of shares. Soon after that dumping, Ambac plunged over 50%. The result is Ambac lost $200 million not counting fees.Greed has never been higher and management is not looking out for shareholder interests. Mish

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