Olam International

[Musicwhiz]

Are you all aware that in the month of jun 2012, our dear olam bought back a total of 52,196,000 shares (around 2.14% of the company) with prices between 1.6-1.9, so that will cost a minimum of 80 million? Since it has negative cashflow, it has been borrowing money to buy back its supposedly cheap & undervalued shares!

http://info.sgx.com/webcorannc.nsf/Annou...endocument

Interesting, thanks.

Then again there are companies out there borrowing money to pay dividends too.