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And Mr. Lucas at Merrill Lynch is confident that even an aggressive buyback program will not extinguish the market.
As it turned out, the aggressive buyback program was a sign of weakness for those who cared to read the signs.
"Net, a credit-card sale coupled with a more aggressive buyback campaign has the potential to be nicely accretive to earnings-per-share," he said.
The aggressive buyback plan Corning announced in December seems to have worked out so far, considering that shares have jumped more than 18% since GLW missed Q1 earnings expectations.
Harry Millis, an analyst with the Cleveland office of the McDonald & Co. investment firm who has watched Gencorp for 25 years, said he expects the firm to launch an aggressive buyback of its shares.
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Exxon is a financial fortress with over $25 billion in liquid assets but management refuses to go into debt for a super-aggressive buyback program.
So is the company's aggressive share buyback plan.
R. J. Reynolds has been bolstered by an aggressive share buyback program.
Some analysts like the company primarily because of the growth of its core candy operations, its debt-free balance sheet and aggressive share buyback program.
Apple has been pursuing an aggressive share buyback strategy.
Management is implementing an aggressive stock buyback program and recently raised the dividend 26% to an annual 3.9% rate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com