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PinkElephant

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PinkElephant

Re: Big Mur post# 39967

Friday, 09/26/2008 1:51:50 AM

Friday, September 26, 2008 1:51:50 AM

Post# of 51429
A buyback is something that technically could go on... but it doesn't make any logical sense and there currently isn't any motive to do so that holds any water.

From Investopedia - Share Repurchase:

A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued.

http://www.investopedia.com/terms/s/sharerepurchase.asp

Unfortunately, you seem to be right based on recent average volume. Neither Hemi's management, nor anyone else sees any reason to invest in this company lately.



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