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Biotech / Medical : ACMI - Accumed Inc.

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To: Frank Buck who wrote (1199)	1/18/1998 11:12:00 PM
From: Sigmund	Read Replies (1) of 1894

Frank, I have to disagree with you on the share buyback approach. Buybacks are a sign that the company has no better way to invest their money. Makes sense for a cash cow with declining marginal utility of capital. I don't think that very nice person called us "Whores". I rather fancy that this asstute investor was saying that our analysis was worthy of a reception and that there should be very wonderful "free" Hors d'oeuvres in our honor. But then there was a debate on the value of advice if it is free. Some suggested that these should be "paid" Hors d'oeuvres.

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