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Oil and Gas Discussion BB
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Msg  49302 of 50074  at  5/14/2019 9:43:49 PM  by

bankbuyer


 In response to msg 49300 by  kenlevine
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Re: Where is the cash in "cash rich" ?


  Buybacks generally dont work. They can work but they must be large and relentless.
 
In this sector, that is difficult to do. Buying back 3-5%  has shown not to work here.
It has not lifted price for those who have done it.
 
The poster child for relentless buybacks for years is AZO.
Pull up a LT chart and you will see for yourself.
 
 


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