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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (2667)	11/29/2006 11:33:11 PM
From: RealMuLan	Read Replies (1) \| Respond to of 2852

>>Could it be that the boards are spending company's money to support the price while they are unloading their personal holdings?<< This could be one of the reasons, but not the most important one. Most of shares companies bought back have been taken out from the total float, so in a sense, buy back has increased share values for all shareholders (except for shorts<g>). Such as CSCO, it has spent billions and reduced 25% of its float in the last 4-5 years. So even if the profit is flat, the EPS can still go up. I noticed a couple of companies, without share buy back, they could NOT beat the earning at all. >>I think it was Vespasian who said this - after he introduced a tax on toilettes... ;)<< LOL.