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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (58030)	4/29/1999 6:09:00 AM
From: valueminded	Read Replies (1) of 132070

Mike You have got to be tempted by Amazon by now. Consider the waaaay out of money leaps say Jan 50's at 1.5 or so. The stock is not worth 10 in any rational model so it certainly fits the risk/reward ratio. Second, in my posting to Earlie, I mentioned my interpretation of the IBM stock buy backs. IBM spends 2billion to "retire" 10mil shares. Interest cost on the 2bil borrowed is min 120-140 mil/ year or 12-14 per share. Since earnings are lower than this than how can the "stock buyback" be accretive to earnings unless they manage to juggle the tax benefit of the interest payments. (or am I missing something as usual) Secondly, where did you get the detailed information on the IBM financials, I was not able to find. thanks

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