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____/ chrisv on Monday 22 September 2008 20:57 : \____
> Roy Schestowitz wrote:
>
>>____/ chrisv on Monday 22 September 2008 17:35 : \____
>>
>>> Robin T Cox wrote:
>>>
>>>>But investors and the market may very well conclude instead that, since MS
>>>>have spent their cash on buying back shares rather than using it for
>>>>profitable future investment, their prospects going forward are not too
>>>>great.
>>>
>>> I really don't think you can conclude that. It's purely wishful
>>> thinking on your part. One couild just as easily conclude the
>>> opposite - that they wouldn't buy shares that they thought were going
>>> to decrease in value.
>>
>>Their value is declining, say pretty much all the studies out there.
>
> If you're so sure of that, short-sell their stock and become wealthy.
The value of the stock doesn't say much about performance, especially when
there's so much room for maneuver.
- --
"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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