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To: Alan M. Kozakiewicz who wrote (51312)3/26/1998 9:16:00 AM
From: Johnnie W.  Respond to of 186894
 
You're a dope! This buyback signifies confidence in their future!



To: Alan M. Kozakiewicz who wrote (51312)3/26/1998 9:18:00 AM
From: Jim McMannis  Respond to of 186894
 
I see stock buybacks as an indirect gift to shareholders in lieu of a cash distribution. As the stock goes up the shareholder has the option of cashing out as opposed to the taxable event of a cash distribution.
If a company did well and banked a lot of cash it should be used to enhance shareholder value one way or another.
Jim


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