3DFX Message Board - Msg: 5776953

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 : 3DFX

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patrick Grinsell who wrote (7347)	9/17/1998 3:06:00 PM
From: Sun Tzu	Read Replies (1) of 16960

Pat I am always rational. Of course there is a price at which the stock buy back will make sense. My favorite target for that is the when the stock trades at the ammount of cash it holds (or may be a bit above book value). The point I was making was that that price will quick change to just above the amount that will not make sense to buy back if the buy back is not executed right. You could make a case that the buy back made sense at twice the current price or at least at ~12. But to get the best results, it has to be executed right. The only thing worse than doing nothing under attack, is using your ammunition up and missing the target. ST

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next