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Gold/Mining/Energy : Direct Focus Inc. (DFXI)
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To: Clement who wrote (139)11/10/1997 5:57:00 PM
From: diddlysquatz  Read Replies (1) of 768
 
I view this buyback scheme as mildly positive. There is no assurance that the company will buy 400,000 shares, it MAY buy shares. I think more than anything it puts more of a floor on the stock price. I don't think I will get the chance to buy more stock at ridiculously low prices like I did a few weeks ago as they now have the ability to do so as well. I would prefer to see them use the cash generating the huge revenue increases we have become accustomed to.

Cheers,

Paul
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