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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (97632)	10/5/2002 2:40:18 PM
From: Joan Osland Graffius	Respond to of 132070

Don, >>If management thought that the stock had become severely undervalued, they would be buying back stock for the company and buying personal shares as well, not reverse splitting. If we use Buffets value for a company buying back their stock it would be at 70% of intrinsic value. He seems to believe at this price there is generally no better place for a companies capital. The game of these companies splitting their stocks was not based on any reasonable value and now they are paying the piper. <g> Joan