Woodward Governor recently announced a $200 million dollar buyback. Thestreet.com Ratings section had the following on WGOV: “Designing, manufacturing and servicing electrical components and equipment for aircraft and industrial engines, Woodward Governor has had a buy rating since August 2005. It demonstrates solid revenue growth, a very low debt-to-equity ratio and a largely solid financial position with reasonable debt and valuation levels. Its net operating cash flow increased 34.71% to $36.44 million in the third quarter of fiscal 2007 compared with the same period last year.” The stock trades for 13x cash flow.

Copart recently announced it will buy back 20 million shares. Copart, Inc. provides a range of remarketing services to process and sell vehicles over the Internet through its Virtual Bidding Second Generation Internet auction-style sales technology to vehicle suppliers primarily insurance companies. The stock trades for 12x cash flow.

PNC Financial Services recently announced it will buy back 25 million shares. The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The stock has a PE of 8.

Herman Miller recently announced a $300 million dollar buyback. Herman Miller, Inc. engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments, including office, healthcare, educational, and residential settings. The stock trades for 8x cash flow.

Houston Wire & Cable recently announced a $50 million dollar buyback. Houston Wire & Cable Company, through its subsidiaries, distributes specialty wire and cable products in the United States. The stock trades for 8x cash flow.

The CEO, General Counsel, 2 directors and a officer bought 56,600 shares or $1,043,291 worth of stock. Recently, shares of Par Pharmaceutical Cos. plunged after the company told investors competitive pressures would hurt its 2007 earnings. The stock trades for 11x cash flow.

The CFO and an officer bought 150,000 shares or $207,995 worth of stock. CMGI, Inc., through its subsidiaries, provides supply chain management services and marketing distribution solutions that help businesses market, sell, and distribute their products worldwide. The stock trades for 11x cash flow.

ConAgra is in this week's portfolio. North America's leading packaged food supplier recently added $500 million to its buyback plan. They plan to repurchase the shares periodically, depending on market conditions. In another move to return capital to shareholders, the company bumped its quarterly dividend to 19 cents a share from 18 cents a share. The new rate will start with the Dec. 3, 2007 dividend payment, which will be made to shareholders of record as of Nov. 2, 2007. The Omaha, Neb.-based company recently announced solid first quarter earnings. ConAgra reported earnings of 34 cents a share, up from 26 cents a share last year, which were well ahead of the street's estimate of 29 cents. Popular brands such as Chef Boyardee and Healthy Choice helped drive sales up 10% at $2.95 billion. The company's Trading and Merchandising segment also deserves credit, as it enjoyed a 60% jump in sales. CAG maintains full year 2008 estimates in the range of $1.48, and $1.65 for full year 2009. ConAgra's CEO, Gary Rodkin, said, "Today's board actions demonstrate continued confidence in the company's overall outlook and ability to generate strong amounts of free cash in the future. As always, we remain committed to returning capital to shareholders in a way that appropriately balances a healthy dividend, share repurchases and a strong balance sheet." With better-than-expected numbers, ValuEngine said it is upgrading ConAgra to buy from hold with a 6 month price target of $26.08. Based on CAG's attractive company size, risk, and volatility, ValuEngine believes the stock will outperform the market over the next year.