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To: Jack Clarke who wrote (14267)	2/18/1998 11:21:00 AM
From: S. maltophilia	Read Replies (2) of 18056

When the company buys back stock it spends $$$$$ that would have stayed on the balance sheet or could be used for some other purpose. So what you own a bigger percentage of is worth less than what it started with, especially if they paid a high price to buy it back.

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