11/25/2009

Buybacks at bargain prices: updated for corrected 52 week change

All the data in the previous post was correct except to the 52 week change. I reran the data but only included stocks with a negative 52 week change. The ideas in the other days post were valid for companies with large buybacks over the past 12 months.

The new list was created as follows:

1) No Dilution
: Average 3 years shares outstanding / Trailing 12 months shares outstanding > .97

2) Strong Balance Sheet
: EV/MC < .90

3) Negative return over the past 52 weeks

4) Share buybacks / Float Amount < -.05


The results are as follows and sorted by the largest sales buybacks to float amount ratio

Click to see the results

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