CRUS, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CRUS, good buy?

CRUS 120.87

-0.6%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chi Pan who wrote (5213)	3/2/1998 10:28:00 AM
From: Calvin Scott	Read Replies (1) of 8193

To all: When a company announces a buy back of shares they always preface it with the statement "the board of directors has approved a stock purchase buy back". They leave this as ambiguous as possible simply to cover their rear end. Although they have "approved" a buy back, it doesn't necessarily mean that they will go through with it nor does it mean that they have to go through with it. Many companies have done this in the past. A lot of times they will "approve" a certain quantity but actually purchase only a quarter or so of what they announced. Sometimes they never purchase any of the pre announced quantity. My point is, don't get hung up on CRUS doing this purchase and don't look for them to do so. You probably won't be able to tell for one thing and secondly, they are not going to sound the trumpet and announce that they are now on a buying binge! Someone correctly noted last week that companies will announce this type of transaction only as part of their quarterly earnings statement. So, if you are waiting for a pop of this thing due to a company buy back, you have a long wait. Calvin Scott

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next