HI JOHN,
Yes,I agree that some of the rise could have been due to tmo buying back there own stock. I guess 50 mil buy-back is quite large, but a couple things I wonder about have to do with how they allocate the buyback throughout all the spinoffs, and is TMO at a price that they themselves consider to be a buy-back price since tmo actually said they would be buying at prices they prefer. So, are they at a buy-back price? I guess the P/E would be one way to determine this, eh? They are certainly in the ballpark as far as P/E is concerned, but it ain't no bargain basement,and just maybe they are spending that money elsewhere right now,and taking their time about it. I guess my gut says that this is the case, but I don't really know, of course. That's 50 mil but there are a pile of spinoffs, aren't there? I think that there are quite a few good reasons to buy tmo right now and very few negatives.In the very near term, no one really knows; long term it's goin up, don't you agree? Maybe this market will do the deciding for us! And as far as that is concerned, how would it do in a good size downturn, say 10% OFF on the DOW? Like I say, it isn't exactly a bargain at the moment, so I say we should hold but not buy, agreed?
EDWIN K. |
