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Biotech / Medical : Cistron Biotechnology(CIST)$.30 -- Ignore unavailable to you. Want to Upgrade?


To: John Metcalf who wrote (1481)10/19/1998 9:01:00 AM
From: Steve Harmon  Respond to of 2742
 
John,
You are correct on the PMC deal if the definitive deal is signed. Just pointing out how simple it would be to enchance shareholder value with a open market stock buyback. Cistron's book value also increases if a buyback takes place at these levels.



To: John Metcalf who wrote (1481)10/19/1998 10:04:00 AM
From: Walter Morton  Respond to of 2742
 
Wouldn't the purchase of treasury share increase shares outstanding and reduce earnings per share and stock price?