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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (2271)	7/16/2002 9:32:36 AM
From: Jim Willie CB	Respond to of 89467

share buybacks horribly destructive now, forced illiquidity this is a big danger signal to me on the surface it appears to support the stock price but the result is lost capital streams within the companies this issue will be revealed as stock option share price mgmt is discussed invest in share price OR invest in company's profitability ??? I always like to take a practice toward its extreme, in order to analyze its efficacy if firms far & wide bought back shares to the hilt, where would new product developmt go? and plant & equipmt funding? and worker training? to hell, that is where case in point: Maxim Integrated Products they spent 35% of profits last year on share buyback what is their future? nowhere / jim