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Gold/Mining/Energy : Direct Focus Inc. (DFXI) -- Ignore unavailable to you. Want to Upgrade?

To: Gordo who wrote (339)	10/24/1998 6:43:00 PM
From: Mark Hill	Read Replies (1) \| Respond to of 768

>> I prefer #3 because it will deliver a better return to shareholders than a pure dividend (I can provide my detailed rationale for this if you like). In terms of buying another company, this only makes sense relative to a share buyback if they can find one more undervalued than themselves<< Hey Gordo, I somewhat agree except that you are assuming they would want to buy back at these prices. I would think they would have alresdy bought back shares some time ago when they could have gotten more bang for the buck. They were talking about buybacks sometime ago and did not buy a whole lot back (between 30-40k I believe). I don't necessarily think they want or need to support the stock price as it takes care of itself without them. I certainly think they would wait for a decent pullback before buying, after all the price has had one hell of a move in one year.Please provide your detailed rationale as I'm very interested in other peoples opinions. Regards, Mark