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Technology Stocks : Dell Technologies Inc.
DELL 131.88+4.7%10:56 AM EST
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To: PAL who wrote (102619)2/18/1999 2:27:00 PM
From: Knighty Tin  Read Replies (2) of 176387
 
PAL, Ah, no wonder con men make so much money. Share buybacks are not a scam, especially if done at major bottoms. If done honestly, they are even o.k. at tops, though they are lousy investments of shareholder capital.

However, when cos buy back shares and then turn around and issue most of them to a handful of insiders, it is a legal act. It is legal because the sheep vote for it. If the sheep didn't vote for it, it would be called embezzlement. But the baa baa crew doesn't even know what is happening to their cash.

MB
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