A stock buyback is a risk-free way of ensuring earnings accretions. As long as borrowed funds remain cheap, as they have for some time, it's also an inexpensive way to boost one's earnings per share.
More Quotes from Carol Levenson:
Boeing can easily afford this purchase, with nearly 10 billion in cash and marketable securities on hand at the end of the first quarter, and bountiful free cash flow even after substantial pension fund contributions.Carol Levenson
Even at these weaker levels we still consider tobacco company paper unacceptably risky.
Carol Levenson
This does not have the earmarks of a long-planned management transition.
Carol Levenson
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Based on Topics: Time QuotesBased on Keywords: accretions, risk-free
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