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Message Boards Settings Sanderson Farms, Inc. - Quote Info
Re: Stock Repurchase     22-Oct-09 03:19 pm    
They plan to buy back stock to offset dilution from stock compensation program. So you know where I'm coming from, I own calls, so I like SAFM. But why is this announcement positive? I agree they should do a proactive buyback. With a p/e of 8x normal p/e the stock yield is 12.5%, much higher than after-tax cost of debt, and they are sitting on a lot of cash. But if they are just going to offset dilution, I don't see why it's such a big deal.
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Re: Stock Repurchase
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Sanderson Farms, Inc. (SAFM)

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On Dec 28: 43.37 Down 0.09 (0.21%)
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