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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (12167)	10/19/2021 3:40:56 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26819

Sounds like once burnt never again. If 2007/8 (way back when!!) they were going gangbusters as their controllers exploded in the new market of USB sticks (!!). Then for reasons I'm not sure why there was a pause in their sales, and the stock plunged from $30 or so to $18. They initiated a $40m (large at the time) share buyback, and spent (I think) the whole $40m buying stock. :In the summer of 2008 the shares were down to $14, so they announced another $20m share buyback. They didn't execute that one entirely, and then the financial crisis of 2008 hit, and the shares went down to $1.80 or so in March 2009. Perhaps that history (spending over $40m buying their own shares for around $15 each, just before their shares went to $1.80 each) turned them off to share repurchases? I don't really know With so many of us fully aware of past cycles... could that be the reason they don't crash the next time? For example, I think much of the money that would jump into high growth semiconductor related stocks is now chasing crypto currency and electronic "art." Those bubbles could collapse and those that get out early may seek stocks that pay dividends and have real value... something that happened with the internet bubble collapsed in 2000.