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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (4616)	8/6/1998 10:49:00 AM
From: Bob Rudd	Read Replies (1) \| Respond to of 78666

AGCO - "Recognize that the balance sheet is a disaster... first task is to assess bankruptcy risk" What specifically looked disastrous about the balance sheet? If AGCO is facing severe liquidity problems then why buy in shares? <<AGCO Corp says bought 1.63 mln shrs in June ATLANTA, July 30 (Reuters) - AGCO Corp. said Thursday that the company repurchased 1,627,200 shares of its common stock in June. The manufacturer and distributor of agricultural equipment said in a statement that the purchase brings the total to 3,487,200 shares purchased during 1998.>> Don't companies facing liquidity problems usually SELL shares - sometimes at a discount - to raise cash? I'm not long AG or any in this group but comments on this board and valuations of these equip stocks have them on my shopping list. Thanks for the response. Regards, Bob