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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Boob who wrote (7678)	9/1/1998 2:36:00 PM
From: Leman	Read Replies (1) \| Respond to of 25711

Tuesday September 1, 10:16 am Eastern Time Advanced Health to buy back stock TARRYTOWN, N.Y., Sept 1 (Reuters) - Health care provider Advanced Health Corp. said Tuesday it was going to start buying back its own stock in an effort to push up the price. Advanced Health said in a statement its board of directors approved a plan to repurchase up to 3.5 million shares or about 35 percent of its outstanding common stock. ''We wholeheartedly believe that Advanced Health's stock is undervalued at current price ranges,'' it said in a statement. ''The plan provides that the shares may be repurchased at the discretion of the company's senior management over a period of up to six months,'' it said. Its stock was trading 1/2 higher at 1-3/4 on the Nasdaq market, near a year low of 1-1/16 against a year high of 28-4/16.