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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bearded One who wrote (6982)	11/4/1997 3:07:00 PM
From: IceShark	Read Replies (1) \| Respond to of 18056

Beard, I will add a task to your yeild assignment, if you so agree to undertake it. -g- The cash/stock buyback issue certainly has a shread of merit. However, there are a couple of contrary items to include in the analysis. The tax benefit is no where near 30% since much of the underlying equity is beneficially held in tax deferred (or free) status, i.e. pensions, 401(k), IRA. Then there is the greatest scam of the decade, namely excessive compensation through the granting of stock options. (Do you realize some companies grant these buggers all the way down to telephone receptionists and even trade suppliers, of all things!) The upshot of which is increasing float despite the buyback and no recognition of the expense, since FASB caved in on the matter. Good luck on your assignment! -g- Regards, Dan

To: Bearded One who wrote (6982)	11/4/1997 6:12:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 18056

Bearded One (so am I, so do not feell singled out), I'd like to see the results of your dividend calculations. I have done it only for few stocks on the dow and got a dividend yield around 3 to 4%. Zeev

To: Bearded One who wrote (6982)	11/4/1997 9:21:00 PM
From: tekgk	Read Replies (1) \| Respond to of 18056

Bearded One, >> 3-5 billion a month going into the market was a result of buybacks. While looking for my original data source (too many links, magazines, newsletters) I found a different one. It has a higher number than I had. It has $129 billion in first 10 months of last year minus 1/3 because companies announce but don't actually buy. This gives 8.5 billion/month in buy backs. cnnfn.com I looked at cnnfn's reference, Securities Data to find this years numbers. securitiesdata.com (this wasn't my source either) I found IPO's at 93 billion so far this year but not buy backs. If you have time it should be there somewhere since cnnfn used it as a reference. I can't seem to find it. When I find my original source I'll let you know. cpcug.org Is a good source for dividend charts and data. For links to historical data I use cpcug.org I was dead certain that I got the buyback number from one of their links. It must have been a link from the link - I followed the ones I remember 2 deep but I can't find it tonight. It would be nice if all links traversed would be permanently saved on disk for future reference - after all disk space is cheap. I've got pages of bookmarks but it seems that it's the stuff that you don't bookmark that you later wish you had marked.