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To: peter n matzke who wrote (2441)1/6/2000 8:57:00 AM
From: Charlie Smith  Read Replies (1) | Respond to of 5853
 
Since the treasury stock has already been paid for and bought back, it does not raise debt when used to service obligations.

What? The debt is incurred to buy the shares back in the first place. The cash has to come from somewhere. What does "service obligations" mean?



To: peter n matzke who wrote (2441)1/6/2000 10:51:00 AM
From: Theophile  Respond to of 5853
 
Thanks very much Peter, I appreciate your insight. I shall forward your response to several of us interested in this question, with your permission. Martin Thomas


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