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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: T-Lo Greens who wrote (10840)10/7/1998 4:49:00 PM
From: mike.com  Read Replies (1) | Respond to of 42804
 
Well, most of the networkers are at 52 week lows so I would argue the wealth has already been redistributed. They are buying back 1 million shares so, at these prices, it won't make a big dent in their cash. It will help future earnings look a little better on a per share basis.

P.S. I think in the next year or so the wealth will be redistributed all over again.


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