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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: michel petit who wrote (7528)4/26/1999 3:53:00 PM
From: wiz  Read Replies (1) | Respond to of 19700
 
Mike

>> If CMGI is such a good long term investment,do you know if they are buying back their own shares? <<

Yea right!!-g- That's like asking Clinton if he is getting his boots ready for the ground war!!-g-

I like that one!!

Mark



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To: michel petit who wrote (7528)4/26/1999 3:59:00 PM
From: bargainman  Read Replies (2) | Respond to of 19700
 
Who ARE you, anyway? Aren't you the guy who's been plugging some other CMGI wannabe on this thread? You are really getting tedious. All the answers to your questions are in prior posts. Go read. A growing company uses its capital to expand it's operations, not to buy back stock. Stock buybacks are more typical of mature companies whose directors feel are undervalued in the market place. But I suspect you already knew that. What is your point, anyway?



To: michel petit who wrote (7528)4/26/1999 4:28:00 PM
From: SHGLaw  Read Replies (1) | Respond to of 19700
 
Michael, since you ask the question why cmgi isn't buying back their own shares, the answer is the same as with every other company in the world. Co's buy back their shares when their is a confluence of two events: Excess cash with no place else to put it and an unjustifiably low stock price. Otherwise, co's use money to do their business, not to complete the circle.

SHG