IB Net Payout Yields Model

Not Impressed With the CSX Buyback Plan

The purpose of a stock buyback plan should be to utilize excess cash to buy a significantly undervalued asset. In this case, the undervalued asset is the stock of the company involved. In order to even announce a buyback, the stock should be significantly cheap on a historical basis and future earnings expectations. For the stock to be significantly cheap, the company should be in a position that existing cash more »

Disclosure: Long CSX. Please review the disclaimer page for more details. 


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