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Strategies & Market Trends : Value Investing
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To: Brendan W who wrote (6485)3/30/1999 8:03:00 PM
From: Michael Burry  Read Replies (2) of 78516
 
Wayne's right. If you are buying back shares above book value, then you are decreasing your per-share book value. If you think about it a bit, it makes sense. Similarly,buy shares at less than book value = increase per share book value. WHX is a company doing this. And issue shares above book value = increase per share book value. Berkshire is a company that did this.

Mike
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