"A buyback does something
special; it ensures that no matter how bad the market gets, no matter
rough the selloff, there will always be a buyer to cushion the
fall: the company itself.
Let me tell you what I did. I ran a screen for the most
effective buybacks.
I think the 15 best buybacks are the following:
All of those qualify as co.s that are on the same
page as you, as shareholders!
These are the 15 companies with the strongest buybacks.
I know, you want me to narrow it down. You want me to do the
homework. Okay, okay. I'll give you the top 5 best
buybacks on the list; these are the top 5 trampolines; the ones that I
would tell you, when the market comes down and does one of those
hideous dives, these are "all aboard!"
If you want to, you can turn these stocks into a 'buyback
portfolio.' Now, it wouldn't be invulnerable, but this should
shield you from some of the real ultimate side effects of the
volatility.
I've got to give an honorable mention right now to PEP and
JNJ. They love their stocks, but you see the upside to both
of them is strictly limited. In the first case, by the
ongoing, endless cola wars. And, in the second case, the drug
stocks - holy cow - are they hated!
Top 5 Buybacks here!
