IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: Weekapaug who wrote (4236)	10/16/1997 10:46:00 AM
From: Mason Barge	of 11555

>>Company buybacks cause me concern. Buybacks inflate the munbers, much rather have more shares outstanding and beat numbers Nah, your fears are groundless. A company buying back stock has no effect on the important numbers, especially EPS -- it's not an expense, but an investment. It's always a positive (assuming the company has good reason for it) -- it's like receiving a dividend and is anti-dilutive of earnings. In other words, it increases your percentage share of the company. Plus it puts short-term buying pressure on the stock, plus it shows a company's confidence in its future. I didn't realize IDT was rebuying shares, to be honest, and I'm impressed. It is, in effect, insider buying.

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