The company has some striking similarities to Argo (minus external fund management), and the 80 % YTD increase in their share price is an overwhelming endorsement of
their aggressive share buyback policy.
An aggressive share buyback programme wouldn't bloody hurt either..!
However, management's been shareholder - friendly to date (also prompted by activist Everest's 3.4 % stake), particularly with a v
aggressive share buyback programme which has significantly enhanced NAV.
All of this in a backdrop of CVS being highly acquisitive, continuing to deliver robust earnings growth, revenue growth, growing dividends and has
an aggressive share buyback program in place.
An aggressive share buyback program can boost EPS artificially.
This price rally illustrates the impact of
their aggressive share buybacks — in terms of an increasing NAV, the shift in the supply - demand equation, and ultimately the positive impact on investor sentiment.
S&P Capital IQ is actually predicting that EPS will grow at a 12 % compound annual rate over the next three years, which assumes continued
aggressive share buybacks.
Not exact matches
Never mind that because of
aggressive stock
buybacks that reduced the company's
share count, Microsoft's market cap is $ 460 billion, far below the old peak.
His firm, Trian Fund Management, bought a 5 percent stake in 2006 and helped usher in
aggressive cost savings and asset sales, allowing for more marketing spending as well as higher dividends and
share buybacks.
«We'll be able to get much more
aggressive on the
share buyback» after a tax cut, Kramer said in a Nov. 16 interview.»
That's important because those companies have pretty good governance practices in place; BlackRock is
aggressive about merging funds to harvest economies of scale, others do
share buybacks and so on.
To date, McCutcheon's been an excellent steward of shareholder value, conserving the Goltsovoye proceeds, focusing exploration efforts on just 3 gold projects, and launching a
share buyback (which could be a little more
aggressive!).
What perhaps was missed was a v shareholder - friendly (and
aggressive)
share buyback programme.
Thus, I'm not sure we could ever get rid of
buybacks, even when they don't make sense, except perhaps in the long run by selling the
shares of companies that are too
aggressive in the
buybacks.
As for VOF itself, it trades on a 0.81 Price / Book multiple, despite an
aggressive & ongoing
share buyback programme — I see plenty of gains ahead in terms of NAV growth & discount compression, as Vietnam continues to leverage & benefit from its labour / cost export advantage, and (just as importantly) its burgeoning domestic consumer economy.
An
aggressive & opportunistic
share buyback, conducted on a sustained basis, may be far superior.
, you can afford to be a hell of a lot more
aggressive... i.e. spend your quarter of a billion surplus cash AND lever up the balance sheet properly, whether it's on
share buybacks and / or acquisitions.