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To: Bobby Yellin who wrote (39740)8/29/1999 9:09:00 AM
From: Chispas  Respond to of 116834
 
Bobby,
You asked a good question. No, I do not view stock
buybacks as "creative accounting".
I think the "phoney baloney" is involved when a
company announces that it will buy back "X" number of
shares when, in reality, there is no real intent to
fully complete buying the full number of shares.
I think of this maneuver as "pumping".

Thanks for your question, Chispas


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