no bubble

[Tom Lehman]

If your talking about stock re-purchases by let's say the S&P 500 listed
corporations and the effect of these re-purchases on the price of the stock; then
the current price of the equity is being effected.  Even with that I don't know if
that would hold up if you used the Russell 2000 listed corporations.  Most
re-purchases look to me like the they happen when the price of the stock is under
duress or insiders are looking for a payday.

Tom

JW Mason wrote:


> Tom Lehman wrote:
>
> > Josh--I believe your talking about dividend yield.
>
> Right. But my point is, dividends should properly include net stock purchases as
> well. In recent years, those have run at 50-100% of dividends.
>
> Josh