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Gold/Mining/Energy : Churchill (CUQ), PE of 3!
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To: speculatingvalue who wrote (107)4/19/1999 5:29:00 PM
From: J. Plantinga  Read Replies (1) of 264
 
I still don't see the logic in your statement.

Buying shares on the open market generally causes a rise in price. Reducing the size of the float raises the intrinsic value of remaining shares, which should also be an impetus for a rise in share price.

I don't see how CUQ buying back shares would cause the price to drop. Also, how do you figure that the share buy-back has anything to do with re-issuing them later?

Regards,
JP
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