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Technology Stocks : KEMET Corp. -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (593)8/31/2000 6:40:06 PM
From: WTMHouston  Read Replies (3) | Respond to of 906
 
I would be surprised if KEM has bought substantial quantities of its stock in the past two weeks. Usually the buyback programs are spread out over at least a year and frequently longer. Sometimes, they are no more than PR stunts and little to no stock actually gets bought.

I would be shocked to find that any meaningful price movement of the past couple weeks was due KEM buying stock.

Troy



To: SJS who wrote (593)8/31/2000 9:28:49 PM
From: techtonicbull  Respond to of 906
 
They have plenty because what really drives the stock is earnings and this company is earning more money than they have ever earned in their history. Furthermore, they are changing the PE ratios by buying back 4 MM shares of their own stock and the industry demand (especially as we approach a "blockbuster" X-Mas) All this adds up to $60 per share IMO.


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