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Strategies & Market Trends : Tang's school of business management for serious investors -- Ignore unavailable to you. Want to Upgrade?

To: MechanicalMethod who wrote (2)	5/16/2001 4:17:46 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 57

This thread, I just started to use case history to do business consulting. Specialists and market makers are part of the business management for public corporations to do financial planning(raise money for itself). One of the case history is, of course, L. Gerstner of IBM. He had worked at American Express just before taking the helm at IBM. He had to turn IBM around by emphasizing IBM Global Service(corporate case history), when stock prices dropped to all time low of $50 a share. He worked with the specialist to offer a buy back plan of $4 billion(borrowed). The stock went up to $75, then $100+. The rest is history(10 year chart). The stock split, then he had another buy back plan for $10 billion(borrowed). The price of IBM stock is rock solid above $100 or thereabouts($90), now a days. It never became a $150 stock, because to go to $150 it maybe pushed to $450 and beyond, like the old ABC paramount(Buffet had to merge it with Disney), by Warren Buffett and Salomon Bros.. But that is another story to be told on another rainy day. It just warms your heart though, being a serious investor. You know a winner, when you hear the story(that everything is in place, service and buyback).