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.

Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: ED PLOPA who wrote (7546)	3/3/1998 2:43:00 PM
From: Sector Investor	Respond to of 42804

Your thought makes sense viewed one way. But look at it this way. They just got the money through a series of road shows and a secondary offering in September. They had no debt, but not enough cash on hand to do the things they needed. They sold many investors on their company and on buying the secondary. Now they use the money to buy back their shares instead of the purposes they stated in the Fall road show? Not cool, IMO.

To: ED PLOPA who wrote (7546)	3/3/1998 3:26:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 42804

Buyback is a terrible idea. If the management cannot use the cash for a better purpose than buying back the stock, then they are not working for the long term interests of the shareholders. I want the company to invest in what they know how to do, not pull some eps ploy by buying and selling the stock as they feel it is too high or too low. It is up to the shareholders to decide if the stock is too expensive or too cheap. That's our job. Their job is to run the company as best they know how. Of course a little polish on the PR side wouldn't hurt. ;-) ---- Dave