Companies That Buy Back
May 7th, 2007
Jim Cramer today on Mad Money talked about a new magic formula he has found. 4 out of 14 stocks that did a buyback of 17% or more were bought out as takeovers. This is his new thesis, and these stocks that are takenover go up a big amount.
I’m thinking about my making my first tool do exactly this, find stocks that are doing 17% or more buyback recently or will be in the future (from SEC filings they must do before buyback).
Writing this to jot down my thoughts.
Entry Filed under: Mad Money
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