CBRL Group recently announced it will buy back 1 million shares. CBRL Group Inc., which operates the Cracker Barrel Old Country Store restaurants and gift shops, said last week it expects revenue to grow 4.5 percent to 5.5 percent over revenue from continuing operations in fiscal 2007. The stock trades for 7.5x cash flow.

Dress Barn recently announced a $100 million dollar buyback. Last week, Dress Barn, the women's-apparel retailer, said fiscal fourth-quarter income soared 37.1% year over year to 48 cents a share, or $33.6 million, as same-store sales gained 5% and total revenue climbed 10.7% to $379.9 million. The stock trades for 5x cash flow.

Superior Energy Services announced a $350 million dollar buyback. Superior Energy Services, Inc. provides oilfield services and equipment to serve drilling and production-related needs of oil and gas companies in the United States. The stock trades for 6.5x cash flow.

An officer recently bought 55,700 shares or $826,411 worth of stock and the Chairman also bought 40,000 shares at $14.92. The Pep Boys - Manny, Moe & Jack and its subsidiaries operate as an automotive retail and service chain in the United States. The stock trades for 10x cash flow.

ESB Financial recently announced it will buy back 5% of outstanding shares. ESB Financial Corporation, a thrift holding company, operates as the holding company for ESB Bank, which provides a range of retail and commercial financial products and services to customers in Western Pennsylvania.

Edwards Lifesciences recently announced a $250 million dollar buyback. Edwards Lifesciences Corporation provides various products and technologies designed to treat cardiovascular diseases. The stock trades for 12x cash flow.

Erie Indemnity Co. recently announced a $100 million dollar buyback. Erie Indemnity Company, a management service company, provides sales, underwriting, and policy issuance services to the policyholders of Erie Insurance Exchange.

The Menomonee Falls-based retailer said it will repurchase $2.5 billion worth of common stock over the next three years. The company plans to finance the buyback from operating cash flow and debt. Since the stock has plummeted over 25% in the past 5 months, the company believes an investment in their own shares will provide a substantial return. At the current share price, the buyback represents 13% of total outstanding shares. In a press release, Kohl's chairman and CEO Larry Montgomery said, "The share repurchase program reflects our strong balance sheet, confidence in our long-term growth and our commitment to returning value to shareholders. We look forward to updating the investment community on our future plans at our upcoming investor conference on October 2, in Indianapolis." On top of the buyback, Deutsche Bank reiterated their buy rating and $75 price target. They were pleasantly surprised to hear of the repurchase plan and believe it will add to full year 2007 and full year 2008 EPS growth. If the transaction is 100% debt financed, even though a substantial amount should come from operating cash flow, at 5.75%, it should increase FY08 EPS by 3% to $4.73 from $4.58, representing 21.8% year over year growth. Along with Kohl's board, Deutsche Bank believes KSS is cheap and shows limited risk. The stock is trading at 12 times the new 2008 estimate, which is quite a discount even to the 1-year average of 19.5 times earnings. Limited risk comes from "housing-related softness" and "competitive pressure." Although, historically, Kohl's has fended off competitors with recognizable brands like Simply Vera Wang, Daisy Fuentes line of clothing, Ralph Lauren and Nike selling at affordable prices. Kohl's reputation for same-store sales increases and the new Tony Hawk brand and Food Network house ware division should add to investor confidence.