VFC sees 3Q earnings declining from prior year. VFC featured as a Stock To Watch this morning with Joe Kernen.
back shares at a pretty good clip. Assume y'all
have seen today's mini-release. Seems market likes
what they see, too.
I know there are problems -
some serious - in a couple operating divisions, but
I'm pretty optimistic VFC will shed this 10 P/E big
time over the next few quarters.
Seems to me they announced a million share intent
for this year. Of course, no company is held to that
statement, but you're right and that one million is now a
million and a half with the same cash.
through Yahoo news for an announcement header about
buyback (I may have read it embedded in something else) I
was struck by how few announcements had been made
over a whole year. I have the impression VF isn't
properly concerned with it's shareholders .... a buyback
announcement timed with optimism headed into the holiday
season could turn that around.