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bourbonstperry

01/14/10 10:53 AM

#22098 RE: FireTamer #22091

The thing the small buybacks tell me is that they believe themselves undervalued. If they didn't think their own stock was a STEAL they'd definitely find other places to spend the capital or keep it in reserve.

Here's a question though: Once they buy back, would reselling it qualify as dilution? If they're investing in themselves and taking capital permanently off the table, that speaks volumes.