When I purchased Media General (MEG) I didn't see it as a
break-up play. That may be the way for the company to go -- but I'd
welcome significant stock repurchases just as much.
Of course, I knew the company was resisting the idea of meaningful
stock buybacks when I bought it. Management's reasoning was that with
approximately 80% of the stock locked up, there was little float for
potential investors.
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