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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?


To: Noblesse Oblige who wrote (2299)8/25/1998 3:40:00 PM
From: Noblesse Oblige  Read Replies (1) | Respond to of 3247
 
To the "thread,"

Well, this time it appears that TFS is putting *our* money where *its* mouth is.

Following the two earlier blocks of 20,000 shares plus, a new 116,000 common trade has just printed at $ 9.375. The shares were crossed by Furman Selz...home of Bob Cihra, the only noteworthy analyst still covering the company...so it suggests that Furman bought the stock back for TFS.

Actually, when you think of it, if they don't find a way to compensate Cihra for the coverage, they would be ingrates, no?

Anyway, my best guess is that they have already repurchased pretty close to 200,000 shares. Maybe this time it *is* different. What remains to be seen is how much of the full 1,000,000 share buyback the company actually completes.

What it means for shareholders is that we have seen the "bottom." How quickly the stock will rally is dependent on new order news as well as whether TFS intends to repurchase the full million share authorization.

Anyway, this is better than "nothing."

Have a good day.



To: Noblesse Oblige who wrote (2299)8/25/1998 4:05:00 PM
From: Doug Meetmer  Respond to of 3247
 
Not to criticize you N.O., but I really don't like the way you
speak as though everything is fact. In fact, most of what you
say is your opinion. You have no way of having "confirmation" that
the company is the purchaser. You would only know if the company
told you on the sly, in which case you would likely not share it with
us.

It is a dangerous thing to speak so confidently when really, you are just rendering your opinion.

It would be very nice if the company was repurchasing shares. I will find out along with the rest of the investors in the not too distant future.