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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: Edward F. Horst Jr. who wrote (7427)	9/10/1998 9:51:00 AM
From: TLindt	Respond to of 8545

>>>I wish a simple buyback would boost the markets perception of the stock price, but I don't see much cause and effect from the buyback announcement. Well if the wanted to boost the stock price then they should have released the press in a way that it would show up on Quicken.com or Yahoo or any other service by symbol...since they snuck it out there, my initial impression is they actually want to buy cheap, and not support the stock via perception....becuase it simply fails the perception test if they don't put it out in the public views and nobody but us knows about it.

To: Edward F. Horst Jr. who wrote (7427)	9/10/1998 12:01:00 PM
From: Benny Baga	Read Replies (2) \| Respond to of 8545

I'm sure you have read this, but it is worth repeating.... Warren Buffet on buy backs: When management repurchases stock, Buffett feels that the reward is twofold. If the stock is selling below its intrinsic value, then purchasing shares makes good business sense. If a company's stock price is $50 and its intrinsic value is $100, then each time management buys the stock, they are acquiring $2 of intrinsic value for every $1 spent. Transactions of this nature can be very profitable for the remaining shareholders. Furthermore, Buffet says, when management actively buys the company's stock in the market, they are demonstrating that they have the best interests of their owners at hand, rather than a careless need to expand the corporate structure. That kind of stance sends good signals to the market, attracting other investors looking for a well-managed company that increases shareholders' wealth. Frequently, shareholders are rewarded twice - once from the initial open market purchase and then subsequently as investor interest has a positive effect on price. ....and the conclusion I come to is that no matter how much money CheckFree throws at trying accelerating growth they will still have to wait for the Banks, other FI's, and non-FI's to ramp up. Benny (most (if not all) analysts have a 12-18 month price target of $25 - $35 dollars a share).