45 Cheap Repurchasers of Stock

We are pleased to bring you the results of a 10x45 Bargain Hunter screen for cheap companies buying back their own shares. The screen results are sorted by the quarterly sequential percentage reduction in shares outstanding.

The screen results are based on the following criteria:

• Price-to-book value of less than 2x
• P/E of 12x of less, based on next year's consensus EPS estimates
• Debt-to-equity of less than 0.4
• At least as much insider buying as insider selling in last six months
• Market value of $100 million or more

The Top 5 stocks passing the screen are French banking giant Societe Generale (SCGLY), biotech firm QLT (QLTI), construction machinery maker Cascade (CAE), communications equipment test company EXFO Electro Optical Engineering (EXFO), and community bank First Financial Northwest (FFNW).

Other notable companies on the list include publishing giant Reed Elsevier (RUK), fashion footwear and handbag company Kenneth Cole (KCP) and construction and engineering services firm Foster Wheeler (FWLT).

click to enlarge

Disclosure: No positions.

Comments

[spragus:]

With a screen of 0.4x D/E, how do the financials make the list? Maybe the screen picks up only LTD?

May 18 10:45 AM

[ArtfulDodger:]

Thank you for the list. They look like an excellent place to begin researching for some sweet buys.

I'm long FWLT.

May 19 12:57 AM

[Bob'29:]

AT $8.83 Hot Topic, Inc (HOTT) looked to be a good repurchase choice. It closed 9.7 % lower at weeks end at the price $7.97. Hot Topic, Inc looks like Hot Bargin.

May 23 01:15 PM

[Bob'29:]

On May 23 01:15 PM Bob'29 wrote:

Error: Should read; At $8.83 Hot Topic, Inc (seekingalpha.com/symbo...) looked
to be a good repurchase choice. It closed 21% lower (not 9.7% lower) at weeks end at the price $6.97 (not $7.97). Hot Topic, Inc looks like Hot Bargin.

May 23 01:20 PM