tag:blogger.com,1999:blog-7294165939647321702.post3904117874314073855..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Imation: Mr. Market Cheers, But Risk Goes UpSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7294165939647321702.post-32127533137104922522011-02-15T16:52:32.933-05:002011-02-15T16:52:32.933-05:00That's how it always works, though, isn't ...That's how it always works, though, isn't it? Management buys back shares when prices are high and conserves cash when prices are low. It's negative from a value perspective but makes sense in a way. Companies have better access to capital markets when their share prices are robust, which makes cash less dear. It still stings if you're an investor, of course! Nice post.Todd Methenyhttp://www.personalfinanceplaybook.comnoreply@blogger.com