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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (60739)5/26/1999 11:54:00 AM
From: Cynic 2005  Read Replies (3) of 132070
 
Wayne, agreed that valuation on ROIC makes a lot of sense. One other point to keep in mind is to see how that return is spent. If it is spent on buying its own paper with net increase in shares outstanding, it only helps fatten the insider vallets. Such pyramid schemes are bound to fail when the market sentiment turns negative. Of course, you know that. -g-
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