Buy-backs are the height of fashion
One happy day in August, Jim Lillie found himself in the maternity ward holding not only his wife’s hand – and subsequently the tiny fingers of a new baby daughter – but the hands of analysts and investors as well. For that day World Color Press gave birth to a stock buy-back, and as the company’s new IRO, Lillie was obliged to walk the financial community through the details, albeit via cell phone.
Indeed, these days it seems a buy-back is born every minute somewhere in
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