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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?


To: Edwarda who wrote (5394)6/20/1999 6:17:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 6021
 
Edwarda, I agree with you right through this statement:

If a company in an industry such as paper cannot find many ways to invest its cash flow in growth engines, then share buybacks make a great deal of sense...

This is the part I have trouble with on purely ethical (not economic) grounds:

...particularly when the share price is low as it can help put a floor under the stock price.

TTFN,
CTC