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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (59597)8/31/1999 2:50:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 86076
 
<<HOUSTON, Aug. 31 (Reuters) - Waste treatment firm U.S. Liquids Inc said Tuesday that it will buy back $3 million in stock, despite illegal dumping allegations and warnings that it would not meet profit estimates for the second half of 1999.

The Houston-based firm's stock plummeted over 165 percent Tuesday, down 10-3/4 to 7 after finally resuming trading from an extended trading halt on the American Stock Exchange.??

Dropped over 165% huh! Is the stock like radio-active waste where you PAY to sell it? -g-



To: MythMan who wrote (59597)8/31/1999 2:51:00 PM
From: pater tenebrarum  Respond to of 86076
 
that's just typical of the mania with it's ESOP's and all the attendant crap: the stock price has become the foremost consideration of managements...the business comes second, despite regular protestations to the contrary by CEO's interviewed on CNBC. but fear not: the piper will have to be paid sooner or later...probably later.


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