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Stocks Q / Qiao Xing Mobile Communication
|Subject: Re: 2008 Q2 Conference Call||Date: 9/20/2008 9:18 AM|
|Author: lukematt||Number: 8 of 16|
Thanks for your reply.
> I'm also thankful that my holdings in QXM are small.
I really don't know what to think about QXM. During the conference call, an analyst directly asked them--"You have a lot of cash. What about a share repurchase?"
QXM's CFO listed the probable uses of the cash that I mentioned in my original message. Not a word about a share repurchase.
The analyst asked again about a share repurchase. Nothing.
Then, a few days after I post my message, QXM announces a share repurchase.
I don't know what to think.
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