The CEO, CFO and a Director recently purchased 59,000 shares or $1,094,000 worth of stock. The drug developer also recently announced that the Food and Drug Administration approved its generic version of GlaxoSmithKline Plc's anti-nausea drug Zofran. The company trades for 8x cash flow.

The online travel company plans to spend as much as $3.5 billion buying back 42% of its outstanding common stock. This action is the latest attempt by Chairman Barry Diller to boost share performance. He is offering to buy about 116.7 milliom shares for between $27.50 and $30 per share. Commenting on the large buyback, company chairman Diller said, "With this action, we couldn't be clearer that the management and the board of this company are confident in the value of Expedia and in its long-term future." The Bellevue Wash., company released quarterly earnings June 18th with revenue coming in at $550.5 million, a 12% increase from 493.9 million. The company pointed to strong hotel and advertising revenue along with its European operations, which expanded by 32%, as reasons behind the strong quarter. Matrix Research also recently upgraded the company to "hold" from "sell”. The analyst noted that the company continues to invest in marketing to fend off competition and the European business is growing nicely as it boasted a 32% increase in first quarter earnings. Matrix Research also pointed out that the company’s EVA trends are improving significantly.

Limited Brands recently announced a $500 million dollar buyback which adds to its prior plan. A Limited Brands Inc. executive outlined the company's plan to focus on intimate apparel and beauty products and shed its apparel business at a conference earlier this week on Monday. The stock trades for 8x cash flow.

The first reason we looked at Time Warner Cable is because Don Logan, a board member, recently bought nearly $400,000 worth of TWC stock on the open market. We also saw that the media giant is considering another stock buyback program, right on the heels of a $20 billion buyback plan which the company just completed. Ranking as some of the most expensive buybacks in history, the $20 billion and the proposed new plan are an attempt to promote stock performance with debt reaching its target levels. Time Warner Chairman and Chief Executive Richard Parsons also says the company plans to increase its dividend "modestly and predictably over time." In early May, Time Warner released impressive first quarter results with revenue increasing 61% and operating income growing 28%. The company also boasted unit additions of 910,000, a 35% increase over the previous quarter. Time Warner Cable President and Chief Executive Officer Glenn Britt said, “With 61% growth in revenues over the prior year and the net addition of 910,000 revenue generating units, a robust 35% increase in revenue generating unit net additions over the prior quarter, we are on track to deliver on our full year business outlook. We accelerated quarterly subscriber net additions in all key services, including basic and digital video, residential high-speed data and Digital Phone.” He continues, “We are also moving closer to completing the integration of the Acquired Systems, and by year-end expect these systems to offer Time Warner Cable's advanced residential services." A Bear Stearns analyst recently upgraded Time Warner Cable to "Outperform" from "Peer Perform". Analyst Spencer Wang sees the cable company’s overhanging customer service problems clearing up.

Steelcase recently announced a $100 million dollar buyback which adds to its prior plan. Steelcase just got hit this week after the maker of office furniture posted solid first-quarter results, but warned that second-quarter earnings would be below forecasts. The company trades for 10x cash flow.

Medtronic recently announced it will buy back 50 million shares (nearly 5%) which adds to its prior plan. Fridley-based Medtronic also recently announced the launch of its CareLink Network, an Internet-based monitoring service that connects patients with heart implants and their physicians for "virtual check-ups", during a cardiac-medicine meeting in Lisbon, Portugal. The company has a forward PE of 19x.

Home Depot recently announced it would buy back $22.5 billion of its own stock. If completed, the massive buyback, worth nearly one third their total market cap, will rank as the fifth-largest share repurchase by a U.S. company. Home Depot also recently announced that it will sell its HD Supply to Bain Capital Partners, Carlyle Group and Clayton, Dubilier & Rice for $10.3 billion. Proceeds from the sale will be used to fund the record buyback, along with cash and new debt. HD Supply is a supply division of Home Depot which sells building materials, waste water and utility products to municipalities and contractors. Home Depot’s supply branch accounts for 13 percent of total sales and 8 percent of its operating profit. Focusing solely on improving their retail business, Mark Holifield, Home Depot's senior vice president for the supply chain, said “Home Depot is working to improve customer service, product innovation and availability and stores' shopping environment.” He continues, “we have got to radically increase the amount of central distribution at The Home Depot. All this is about improving the velocity through the supply chain. All of it is intended to improve our in-stock at stores, our inventory turnover and our distribution costs." On June 20th analysts at Stifel Nicolaus & Company increased their rating on Home Depot to “Buy” from “Hold” and bumped up the price target to $50. The analyst noted the huge buyback and a more focused business model which they said will drive the stocks price higher.

Logitech International recently announced a $250 million dollar buyback upon completion of current plan. Logitech International S.A. engages in the design, development, production, marketing, and support of personal interface devices for personal computers (PCs) and other digital platforms. The company has a forward PE of 17x.