Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Nanda who wrote (11637)	5/19/1998 3:51:00 PM
From: P. Ramamoorthy	Read Replies (1) of 13949

y2k investors - Last time I discussed the "cash/share" approach of investing in the y2k companies for prospects beyond year 2000. Long term holding of shares at an average cost nearly equal to the cash/share (balance sheet). An example of the benefit is the share buyback (by the company.) CRYSF announced today to spend $5Million of their cash to buy their shares back. A company buying their own shares supports the underlying value and helps investors in the long run: fewer shares outstanding, earnings/share goes up, stock price catches up, long term capital gain. Hope other cash-rich companies (COGIF, IMRS, CMND, SPNSF) follow the lead. Purchase by CBSL's CEO is not enough. biz.yahoo.com

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