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Olmsted

09/14/13 9:40 PM

#100 RE: Enterprising Investor #99

Well put, EI, you beat me to it.

They are not spending a couple million to save a couple hundred thousand in compliance costs. They're spending a couple million to save a couple hundred thousand on compliance costs AND are shrinking the share count at the same time. Big difference.

And a very good thing if the price is below intrinsic value.