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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (39434)	9/27/2010 5:27:49 PM
From: MCsweet	Read Replies (2) of 78748

GFRE, Money talks. The GFRE buyback is more about proving the legitimacy of the company than about the pure economics IMO. That would improve the sentiment and quickly get the stock up IMO. If investors see the company spending real cash on a stock buyback, it is a very reassuring sign, first that the company has real cash to employ on the buyback and second that the company management actually believes in the company. A couple of sham Chinese companies I once followed did the opposite: stock offerings (or paid other companies in stock) at or near 52 week lows despite ostensibly high earnings and cash. That being said if GFRE is going to need to raise money in the future, they obviously have to be prudent in their buyback levels. MC

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