Industrial Investment Ideas

[Jason]

(03-26-2014, 12:54 PM)EricL Wrote: Don't forget their buyback program, they have $8B available under the program on a $33B market cap.

Pg 15 of the investor presentation.

If they do struggle in the next couple of years I wonder if they will be
willing to increase the payout ratio. Right now it looks like they want to keep it around 25 to 35%. Looks like the share repurchase is cyclical as well.