Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jyoti sharma who wrote (3167)	2/7/1998 12:36:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78576

I think that your point is well taken. I'd like to hear Mike's response to my question and finish my due diligence. However, it sort of looks as if the "bid" at the moment is helped a lot by the buyback. The balance sheet won't look nearly so nice after spending $33 million on stock at $10 above book. There are a lot of shares outstanding and my hunch is that when they are done with the buyback and we have another quarter or two of uninspiring results, the stock might head closer to $10. (I have learned to be very wary of "capital improvements hurt the current quarter and we will see the benefits in much better results a few quarters out" types of statements.)