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Post by T Bhat on Sept 26, 2011 10:02:29 GMT -5
Looks like they are buying back at 1.1 book value - this is a good sign.
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Post by polaris on Sept 26, 2011 23:58:35 GMT -5
Looks like just the threat of repurchases has send the stock over 1.1x book value.
I saw this on a Message board on the net:
"Mr Buffett, when the price is > 1.1X book please use the money to pay us dividend ok?"
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Post by T Bhat on Sept 27, 2011 9:11:02 GMT -5
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Post by T Bhat on Sept 27, 2011 9:12:28 GMT -5
Dividend in my opinion is a bad idea. I would rather Buffett allocate money in the current market than issue dividends.
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