joyg: opinions on buyback?

Discussion in 'Stocks' started by scriabinop23, Sep 13, 2006.

  1. 5 billion dollar company.

    1 billion authorized buyback thru 2008.

    - 90% institutional owned
    - 3% short sold
    - remaining 7 million or so shares are more actively moving
    - 100 million or so in cash reserves as of the latest quarterly report.

    seemingly oversold lately -- any potential for buying, guys? I'm thinking this might pop up nicely after expiration this week.

    (ps, just went long today)
  2. dunno, this beta crap can keep goin' in one direction for what seems like an eternity...if u are ready to hold on to it and have deep pockets more power to ya.