Tech Data Corporation recently announced a $100 million dollar buyback. The distributor of information technology products was also recently upgraded by Citigroup. The stock trades for 7x cash flow.

An officer bought 200,000 shares or $1,553,294 worth of stock. The company also recently announced a $200 million dollar buyback which adds to its prior plan. The software products maker based in Detroit said last week that it plans to lay off 100 people to cut $13 million in costs a year. The stock trades for 11x cash flow.

Cameco recently announced a $711.5 million dollar buyback. "Cameco's strong financial position provides us with the opportunity to invest further in the nuclear industry," said Jerry Grandey, Cameco's president and CEO. "We are committed to strengthening our core asset base for the long term. And, in the near term, as attractive assets have not been available at reasonable valuations, the best investment today is repurchasing our own shares." "This is an excellent opportunity to increase shareholder value," Grandey said. "We intend to acquire the maximum number of shares allowed." The stock has a forward PE of 15.

Altera recently announced a $500 million dollar buyback which adds to its prior plan. The programmable chipmaker also recently reaffirmed its forecast that third-quarter sales would be flat to 3 percent higher compared with the second quarter of this year. The stock has a forward PE of 21.

Insiders bought 30,000 shares or $1,486,746 worth of stock. Stericycle, Inc. provides regulated medical waste management and return management services in the United States and internationally. The stock trades for 18x cash flow.

Insiders bought 20,000 shares or $1,051,600 worth of stock. Medtronic, Inc. engages in the development, manufacture, and marketing of medical devices worldwide. The stock trades for 14x cash flow.

CBS Corp. recently announced a $1.6 billion dollar buyback.

The Chicago based electric utility company announced on Tuesday it would buyback up to $1.25 billion of its outstanding common stock. The company expects to repurchase the shares within the next six months. Exelon recently reported excellent second-quarter earnings, boasting a 9% jump in profit margins. The company saw net income increase to $702 million, or $1.03 a share, from $644 million, or 95 cents a share in the same quarter last year. Revenue rose to $4.5 billion from $3.7 billion, shattering the street's expectations for $4.16 billion. The company credited the impressive results to higher margin in energy sales and favorable weather conditions. The nation's largest nuclear power company also revised its 2007 earnings forecast. Exelon now anticipates earnings in the range of $4.15 to $4.30 a share, from the previous estimate of $4.00 to $4.30. “We have robust cash flows and an increasingly strong balance sheet,” said chairman, president and CEO John W. Rowe. “We remain committed to returning cash to shareholders through our value return policy, while maintaining appropriate financial flexibility to make sound investments in our businesses and take advantage of opportunities that may arise.” On top of the buyback program, Deutsche Bank reiterated its buy rating and $91 price target. They believe the $1.25 billion buyback, though in line with their $1.3 billion model, surpassed market expectations. Another positive note is Illinois Governor Rod Blagojevich finally signed the $1 billion relief package for EXC and other generators in the state. The event should alleviate political turmoil in IL and allow EXC to go forward with its nuclear fleet. Deutsche Bank states, “We believe that the recent pullback presents a compelling buying opportunity in a high-quality, critical portfolio of nuclear generation assets at an attractive valuation close to 7.0x adjusted EBITDA.”