AMCOR Capital Corporation (ACAP) Message Board

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Non-Tech : AMCOR Capital Corporation (ACAP)

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To: skinydipper who wrote (14)	11/16/1997 10:33:00 PM
From: skinydipper	of 25

With 6 Million shares outstanding and each share valued at $5.00, if ACAP buys back an disposes of $1 million worth then with everything else being equal, would that add about $ .17 per share? someone please check my math. In their newspaper column "Ask The Fool" this week the Motley Fool says that stock buybacks are a sign of managements confidence in the firm. They also comment in their website 208.206.41.243 Amcor only used $1.5 M of their previously authorized $2 M buyback. Does this mean that they now have $1.5 M authorized? Amcor has filed a $1 Billion lawsuit against the IRS. Any comments about how this may be going or when it may be settled? Tiim

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