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Re: sgolds post# 4451

Saturday, 03/15/2003 1:34:19 PM

Saturday, March 15, 2003 1:34:19 PM

Post# of 151804
>> That is an expense like any other, and is accounted as such. <<

sgolds: You are simply mistaken about this. Under GAAP, share repurchases are not accounted for as expenses. In fact, it is a feature of GAAP that transactions involving a company’s own shares (whether the company is buying or selling) never flow through the income statement. Dew



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