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

To: WTMHouston who wrote (629)	9/4/2000 6:10:12 PM
From: techtonicbull	Respond to of 906

Top line growth drives earnings per share not artificial company buy backs. I just wanted to make the point that you as well as Ron Harvey have no earthly idea. I do not have the slightest idea either if the company bought back their stock, however, if it makes sense for them to do so, after making their capital expenditures for the needed extra capacity, then I am sure they have done it (or in the process of doing it). My point all along is that KEM's board of directors is not in the gamesmanship, or showmanship business. They do not make idle statements about share buy backs. If an upstanding company like Kemet, Inc. says they will buy back up to 4MM shares, then I believe they are not "whistling Dixie" in South Carolina, but they really mean it. They have a product, solid tantalum and ceramic capacitors that are in such demand right now and wiil be for at least the next 12 to 18 months, that they are in the "driver's seat" when it comes to pricing and sales. Top line growth means increased sales volume, increased revenues and increased margins. Also increased money gets placed in the company treasury and balance sheet which can go to fund such buy back purchases (and should for the shareholders sake). There is no debate as to where the price of the stock is headed. You can keep up this silly debate on whether or not the company has, or will buy back 4MM shares. Listen to Jerry Labowitz, Merrill Lynch passive component analyst. He would not be harping of the $62.50 , 12 month price objective at the world's most respected research group as Merrill Lynch is. if he was going out on a limb. $62.50 will be conservative after a couple of more quarters of all time earnings blowouts by Kemet.