Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

-6.5%

Dec 8 12:12 PM EST

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To: Justin Pressley who wrote (13473)	2/1/1999 7:17:00 PM
From: Gopher Broke	Read Replies (2) of 13925

Let's face facts. CREAF are buying back with the "long term" viewpoint. Their objective is not to spend money supporting the stock price but to increase the EPS by reducing the float and cause the share price to rise naturally as a result of that. If so then they are going to buy back the 10% of the company permitted over the next year using as little cash as they can. Following this strategy you would not expect them to provide any support until the stock had bottomed. Then they will pick all the low hanging fruit they can until the stock returns to a "reasonable value". Question now is what is a reasonable value.

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