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DewDiligence

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DewDiligence

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Re: acgood post# 63209

Wednesday, 06/04/2008 6:20:47 PM

Wednesday, June 04, 2008 6:20:47 PM

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>couldn't Pfizer use their foreign cash to fund stock buybacks on foreign exchanges, leaving the US cash to cover the dividend?<

Yes––in theory. The problem is that not enough shares are traded outside the US for this to be practical.

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

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