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Re: Joe Stocks post# 365023

Wednesday, 03/02/2005 9:07:32 PM

Wednesday, March 02, 2005 9:07:32 PM

Post# of 704019
GETI - The story I linked to is recent, but they first announced the plan on 2/2, and the stock jumped 10% that day (and has pretty much stayed up).

It's a very interesting story. Essentially, the stockholders are borrowing money from whatever bank takes the business. They are betting that the company's growth rate is better than the interest rate on the loan. Since their top line is growing very fast, it may not be a bad bet...

Hard work often pays off over time,
but laziness always pays off right now.

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