Phil,In terms of CFA, how do you factor in a company buying back shares? KO and MSFT do this all the time. I own both stocks (I'm concerned whether I should hold on to KO since their earnings and growth have been ahem less than stellar, there are other things such as their goodwill payments to CCE that are hurting earnings as well, but that is for the KO board).Thanks,Stymie
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