Plexus Corporation (PLXS on NASDAQ) Message Board

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Technology Stocks : Plexus Corporation (PLXS on NASDAQ)

PLXS 181.30

+3.2%

Jan 21 3:59 PM EST

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To: Gary Strike who wrote (37)	12/21/1997 1:05:00 AM
From: Rodney Glover	Read Replies (1) of 128

The stock buyback is excellent. If this stock does not open much higher (+1), I will buy more myself. I almost sold my position at 15 1/8 Friday. Glad I didn't because I would have bought them back on Monday, at 16 or less. Company is solid. Just oversold, that's all. One concern I do have, is that I don't believe the company buyback is genuine. The buyback is just to raise the share price, which is ok. Why would they annouce a 2 mil share stock buyback, with a limit of 25 mil??...on a stock that is currently trading at $15?? Unless they expect it to go to 12 1/2, which doesn't look as if it will ever happen. If PLXS were truly serious, they would have annouced a 2 mil share buyback with a limit of 30 mil ++, at least. Anyway, great investment under $20, I like this management. I'm a trader so I will be gone in the high teens, but this looks like a good stock to hold on to for those "investors" out there. Anyway..my 2c. Good Investing and Good Trading.... Rodney

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