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To: Joe NYC who wrote (66549)10/14/1998 6:17:00 AM
From: Duker  Respond to of 186894
 
Walk me through that on a per share basis w/o the buyback again?

--Duker



To: Joe NYC who wrote (66549)10/14/1998 9:25:00 AM
From: Moominoid  Read Replies (2) | Respond to of 186894
 
If there are 1.7billion's worth less shares out there the same eps is spread among fewer shareholders. The whole point is to push the price up rather than pay dividends because in the US the CGT rate is lower than the income tax rate.

The only negative might be to wonder why they can't find any great investment opportunities inside the company for these funds.

David