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mannyman

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mannyman

Re: breakthebank1 post# 131611

Monday, 02/11/2008 8:47:18 AM

Monday, February 11, 2008 8:47:18 AM

Post# of 246475
A rumor is only worthwhile, so far as I am concerned, if there is some bearing to reality or a ring of truth to it.

There is no reason for Seaway to put money into a buyback program at this time. They have been raising money to expand, not to buy their own stock back.

Buy bach certainly would help the shareholders, but in the long run, it will not help the company at this stage of its life.

Better to put the money into expanding, paying down debt, etc.

Buy back? Maybe someone who is a wishful thinker.





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