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To: Rainmaker who wrote (25772)9/1/1998 12:55:00 AM
From: margin_man  Read Replies (1) | Respond to of 36349
 
<<It all depends on what price PAIR will announce a buy-back at.>>

No companies will say at what price and when they're going to buy
their stock back.

<<At that point, we will have MORE unhappy small
investors like you and me and angry fund managers who bought in recent months (not recent weeks)>>

Why? Stock buyback will lift the stock price which in turn
increases shareholders' value. I don't see anything wrong
with that.

Patriot



To: Rainmaker who wrote (25772)9/1/1998 7:55:00 AM
From: daaan  Read Replies (2) | Respond to of 36349
 
Why would investors be angry? The taking of stock out of a circulation at a low price improves the quality of the asset you own. Would you rather they were bought by some bottom fisher and were flipped 3 points higher just creating selling pressure.


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