Scott Evans

Bidz.com Stock Buybacks: A Wise Move?

What a joke..If my figures are correct, BIDZ is moving on average 12,000 items a day at 50.00 average, that's $600,000. per day, with receivable in under 7 days. At 600,000 per day, that' appx 30,000,000. per month. I guess that's why BIDZ has bought back all that stock with cash and has paid down a recent $24million dollar bankruptcy purchase down to 6 million while buying back stock too. Had they not bought back stock, that 24 million purchase would be paid for and Bidz would be debt free with millions in the bank...

I am estimated these figures, if I am wrong, please tell me... but give me a break...

BIDZ is an undervalued stock PERIOD, that's why they are buying back stock.... NO BRAINER.... If Berkshire was trading for 10,000.00 per share, I bet they'd be buying their stock back with cash just like bidz.

Yeah, NILE was trading over 100.00, BIDZ should be there right now in my opinion.