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Non-Tech : Kirk's Market Thoughts
COHR 175.45-1.6%2:37 PM EST
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Kirk ©
To: Jerome who wrote (1937)9/23/2014 1:50:29 PM
From: berniel1 Recommendation   of 26779
 
All the money on hand goes into repurchasing stock. Especially when demand isn't out pacing capacity. No need to hire or give raises when you can squeeze the blood out of the employees you have. Even better is a 87 style crash where they can come in and scoop up their shares on the cheap with all that cash.
JMO Lived through it before and xom is a master at it.
Bernie
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