Lorillard and Chubb: When Stock Buybacks Work

Many experts claim that buybacks don't work. To the contrary, just about everybody pounds the table on dividend yields. Why don't investors look for a high buyback yield?

When reading over the Lorillard (LO) earnings released on Monday, I was shocked to read that Q3 earnings were increased by $.18 due to the share buyback plan. Wow! That's real earnings for each remaining stockholder. And to top that off, stockholders aren't paying taxes on these earnings gains.

Read the full article on Seeking Alpha.

Disclosure: Long CB and LO. Please review the disclaimer page for more details. 


Popular posts from this blog

Stat of the Day: Leading Indicators Jump Again

Kohl's: Worth $75 Without Financial Engineering

Out Fox The $treet - December 13, 2019