On Sep 16, 2007, at 10:21 AM, Shane Mage wrote:
> Whenever, in the past, there were plentiful profitable investment
> arenas,
> corporations didn't waste their investible capital on stock buy-backs.
> Still less did they go into debt to do so.
Going into debt to fund buybacks suggests that it's not an absence of investment opportunities that's driving the phenomenon - it's the shareholders demanding it.
Doug