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[sharechat] WHS share buy back

From:	"Brian Brakenridge" <brianbrak@xtra.co.nz>
Date:	Sun, 29 Oct 2000 21:13:59 +1300

Change of topic, WHS debt has increased I believe to fund Aus acquisitions but still they have announced 5%ish buyback. Does this mean they strongly feel WHS has been oversold.

I haven't seen latest financial statement but what is it's current Debt:Equity ratio? I think last year it was around 40%.

What are peoples views on share buybacks Vs debt reduction? This is a biggy for Mr W E Buffett as long as it's done for the right reasons, i.e. company in strong financial position and shares perceived to be undervalued.

Pohuenui Island Lodge
Fiona & Brian Brakenridge
P. B. Havelock
Marlborough, New Zealand
Tel. 64-3-579 8161 Fax. 64-3-579 8361
Email: pohuenui.island@xtra.co.nz
http://www.marlborough.co.nz/pohuenui/

"end of the world 15 miles, Pohuenui 20"

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