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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Robert L. Akers who wrote (8550)	5/15/1998 1:17:00 PM
From: WallStBum	Read Replies (1) \| Respond to of 10368

Peter Lynch iterates that stock buybacks are the best thing a Co. can do for its shareholders as opposed to "diworsification". Clearly they're not diversifying. So the arguement is between acquisitions and buyback. Given the lack of acquisitions, I'd prefer a buyback to burning it continued operations. However, no one should kid themselves, this cash balance was not created from positive operational cash flow. It came from us. By definition, this program just gives it back. The rest is just touchy-feely "market reaction" - and we'll see how much mileage they get out it. Thus far I'd say it's a modest recovery. I have to say, though, I'm encouraged by the past few press releases and the professional manner in which they're delivered. I haven't torn into the numbers at least in the earnings release enough to comment. dax

To: Robert L. Akers who wrote (8550)	5/15/1998 4:18:00 PM
From: T.K. Allen	Read Replies (1) \| Respond to of 10368

Larry: Regarding the buyback - we have no details (yet) on this plan but I agree with your statement "...it suggests the company is willing to stand behind a bottom price..." Even if this buyback is structured in a way such that AB&G never spends a dime (presuming, of course, the stock price cooperates), they have at least made a statement of support for shareholders. That is something that has been sorely lacking for the past several months. TKA