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Strategies & Market Trends : Value Investing

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To: sea_biscuit who wrote (830)4/18/1997 12:25:00 AM
From: Michael Burry   of 62395
 
Dipy,

Precisely why I wish to evaluate companies
in the midst of proven buybacks. Small
marginal companies have taken to using
buyback announcements as a publicity
stunt to support their stock. More often
than not, the buybacks do not materialize.
When they do, they end up not retiring
the stock and placing it in the
corporate treasury, which is of marginal
use to shareholders. Everyone should
be aware of this trick, as you point
out.

Mike
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