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DewDiligence

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DewDiligence

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Re: drbio45 post# 31960

Thursday, 07/27/2006 6:48:13 PM

Thursday, July 27, 2006 6:48:13 PM

Post# of 257272
> QLTI – There are many companies with terrific technologies that can't bring them to market because they don't have the cash, and this company is wasting the cash on supporting the stock.<

The PR said they investigated other uses for the money; maybe no one made them a decent proposal.

I don’t object to “financial engineering” when a stock is genuinely undervalued. The problem is that many companies are a poor judge of their own stock’s valuation and end up overpaying for shares in their buyback programs.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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