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To: dumbmoney who wrote (7388)	9/18/1998 10:14:00 AM
From: Michael Linov	Read Replies (1) \| Respond to of 16960

Buying back stocks when your company is above book value is pointless. The increase in stock price is offset by decreased book value, transaction charges, and even less money to grow and get the company through hard times. If you ever need the money again, you're paying for the financing twice. There are good times for stock buy backs (ie: When stock is well below book value, to trigger a short squeeze, trigger a bottom before a long period of growth, etc.), but this isn't it.