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To: Robert Douglas who wrote (1182)11/8/1999 11:50:00 AM
From: Robert Douglas  Respond to of 1989
 
One more thought on the buyback.

It reminds me of a class I had in finance. We divided the class into groups and did a computer simulated business competing against our classmates. The winner was the one with the highest ending stock price. At the start of the semester, the group that won the simulation immediately ran their company into the red and the computer-generated stock price swooned. This group then did a massive stock buyback at very low levels and when the company became profitable, the number of shares was so much smaller than the other "companies" that they won the simulation hands down.

Where did Steve Luczo go to college? <g>

-Rob



To: Robert Douglas who wrote (1182)11/9/1999 2:00:00 PM
From: Mark Madden  Read Replies (2) | Respond to of 1989
 
Re: Stock buyback

I suppose SEG will need to sell another 16 million shares of VRTS to come up with the money. Then sell another 6 million shares to pay taxes.


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