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Technology Stocks : DOCS - A TURNAROUND PLAY
DOCS 50.44+8.6%Nov 21 9:30 AM EST
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To: Sultan who wrote (545)7/29/1998 3:55:00 PM
From: David LaSalle  Read Replies (1) of 1156
 
As to the stock repurchase, I don't believe them. They did the same exact thing last year, and repurchased only a small fraction of the stock that they could have.

In reality, they should be very aggressive in repurchasing the stock for two reasons:

1) At approx 23 million shares of float, there is way too much stock outstanding. This means that the EPS will always be very low even when they start making money again. (They should try their damdest to get it back down to just 13-14 million.)

2) At $5 per share, this stock is very cheap (if you have any faith in its future - which is what I hope the management of this company would have). After all, what other investments can they hope to make with $10m and achieve a higher return on their money???

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