Buyback Wednesdays

Buyback Wednesdays – Cumulus Media Announces Buyback After Rejecting An Unsolicited Bid

Buyback Wednesdays – Cumulus Media Announces Buyback After Rejecting An Unsolicited Bid

A combination of earnings season and a weak market supercharged stock buyback announcements with 32 companies announcing buybacks since our last article. I came across the following Tweet this morning and was reminded that when management teams allocate capital well including knowing when to repurchase stock and when to issue it, long-term investors benefit. Cumulus Media (CMLS), the radio stations operator with 406 owned or operated radio stations and a ...

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Buyback Wednesdays – Stock Buybacks At Three Turnaround Companies

Buyback Wednesdays – Stock Buybacks At Three Turnaround Companies

Turnaround situations have a reputation for delivering spectacular returns, if and when the company can actually turn things around. Once a company has lost its way, it is very difficult to regain market share or become profitable even if new management is at the helm. We discussed this briefly in a Twitter thread after an insider purchase at General Electric (GE) by Larry Culp. Despite his excellent management of Danaher ...

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Buyback Wednesdays – Alphabet Announces A Massive $70 Billion Stock Buyback

Buyback Wednesdays – Alphabet Announces A Massive $70 Billion Stock Buyback

Google’s parent Alphabet (GOOG) announced a massive $70 billion stock buyback after reporting Q1 2022 results yesterday. Unfortunately those results did not give the market a lot of confidence as they came in below consensus analyst estimates driven in part by a slowdown in ad revenue at YouTube and a $1.07 billion loss on investments (equity securities). This overshadowed a 23% increase in revenue to $68 billion and a 22% increase ...

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Buyback Wednesdays- PVH Announces A $1 Billion Buyback

Buyback Wednesdays- PVH Announces A $1 Billion Buyback

PVH Corp (PVH), the apparel company that owns the brands Calvin Klein and Tommy Hilfiger along with three women’s undergarments brands, had a wonderful year last year with revenue of $9.15 billion and net income of $952 million. This was the best bottom line performance at the company in well over a decade. The stock unfortunately has not benefited from this performance, down more than 23% over the last year. ...

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Buyback Wednesdays – Home Builders Step Up Buybacks

Buyback Wednesdays – Home Builders Step Up Buybacks

Welcome to edition 2 of Buyback Wednesdays, a new weekly series of articles we launched on Inside Arbitrage last week to track the top stock buyback announcements during the prior week. We have been tweeting about buybacks for several months and decided to start writing about them in a weekly article to provide more context. A home builder topped the list of buybacks this week with KB Home announcing the ...

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Buyback Wednesdays – Stock Buyback in a Net-Net

Buyback Wednesdays – Stock Buyback in a Net-Net

Welcome to a new weekly series of articles we are launching today on Inside Arbitrage to track the top stock buyback announcements during the prior week. We have been tweeting about buybacks for several months as you can see below and decided to start writing about them in a weekly article to provide more context. We wrote the following in a premium blog post almost four years ago when we ...

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