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S&P 500
5,036.01
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-0.70%
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US TECH 100
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-1.06%
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Net-Man

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Net-Man

Re: None

Saturday, 01/19/2019 6:42:52 AM

Saturday, January 19, 2019 6:42:52 AM

Post# of 58072
If DRYS follows the annual cycle, the PPS is likely to drift lowere from here. That may be what GE is waiting for before resuming the buy back. Keep in mind he hasn't filed a new SC 13D/A in a month. He was filing every 2 weeks leading up to the holidays. As of 12/17 there were roughly 15 million shares in the trading float. The 2 buy backs have been a very interesting way for GE to increase his ownership in DRYS. Using company money - shareholder money in effect - to buy everyone out at what is arguably undervalued prices.

Wonder if he will do a 3rd buy back or start paying a dividend? I'm thinking buy back since the market is OK selling shares so cheap.
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