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____/ chrisv on Tuesday 23 September 2008 12:50 : \____
> Roy Schestowitz wrote:
>
>>The value of the stock doesn't say much about performance, especially when
>>there's so much room for maneuver.
>
> Whatever. Stock buy-backs are not evidence that "their prospects
> going forward are not too great". If you want to find evidence of
> that, look elsewhere.
The emphasis is not the buybacks though (don't be easily distracted). It's the
fact that they /fund/ it using a /loan/ (i.e. debt). That's the whole point
of this post.
- --
"There is such an overvaluation of technology stocks that it is absurd. I would
include our stock in that category. It is bad for the long-term worth of the
economy."
--Steve Ballmer, Microsoft's CEO
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