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DST Systems, Inc. Q1 2008 Earnings Call Transcript

Great job, management! In the quarter you repurchased over 5 1/2 million shares of your stock at an average price of $70.20 per share. The stock closed at $57 to-day after you produced a quarter of a 1.8% revenue increase. Is that what we pay you for?

Shareholders should be screaming about this! This is a perfect example as to why stock buybacks are almost always folly and in no way a "return to shareholders" which is a myth perpetuated by management and parroted by the media.