Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: paulmcg0 who wrote (14240)	2/21/1998 3:54:00 PM
From: Mike da bear	Read Replies (1) of 94695

General Motors Corp. and Chrysler Corp. are each repatriating 10 percent of their stocks, and International Business Machines Corp. is buying back $7 billion in stock. ''When you realize that their entire market capitalization is only 22 percent, they could totally go private in the next 10 years if they keep up this pace,'' he said. Hummm, totally private? If the company keeps buying back shares, eventually there's only 1 share left and that person holding it owns the entire company. Just my opinion, but it doesn't seem right with companies buying back shares. If a company has so much cash why can't they invest it in new products which would yield a higher rate of return than buying stock. Somethings not right.. can't put my finger on it just yet. mdb

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