SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (47818)3/7/2006 10:11:09 AM
From: Perspective  Read Replies (1) | Respond to of 116555
 
ACS, AN - Lever up, baby:

thestreet.com
thestreet.com

Great quote in the second article:

Generally, a company uses a Dutch auction to repurchase shares for two reasons, says Matt Rhodes-Kropf, a professor at Columbia Business School. Management believes the stock is a bargain, or big shareholders are trying to liquidate.

"This tends to be very good to stock prices over time," said Rhodes-Kropf. "If you are buying back shares, you think the company is undervalued. Who thinks the company is undervalued? The CEO. And he's one to know."


Here's a stock chart for them:

finance.yahoo.com

Given the stock price, which do you think it is?

Oh, and guess who owns a ton of each:
biz.yahoo.com
biz.yahoo.com

I think I know which it is. There oughta be a law...

BC