Fonar - Where is it going? Message Board

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Microcap & Penny Stocks : Fonar - Where is it going?

FONR 18.64

0.0%

Jan 16 9:30 AM EST

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To: John R Resseger who wrote (8153)	1/16/1998 1:53:00 PM
From: Patricia L. Clews	Read Replies (2) of 19354

Fonar probably wishes they hadn't announced they were going to buy back shares, I know I wish they hadn't. :-) they indicate it's a 5-7 year plan & aren't going to waste all their new found cash doing it. But I say this, so what, can't we accept that that's the way it will be? Cash should be spent building up the company, buying centers, doing research etc. I'm not saying what you wish them to do is wrong; just not what I think wall street would want. Wall Street wants to see the money grow the company. They'll look at buying back shares as you don't have any better place to put the money. I DO see why you'd wish they'd buy a lot back. Patti

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