IS CHURCHILL DOWNS UNDERVALUED? BOARD AUTHORIZES $250 MILLION BUYBACK

The board for Churchill Downs (CHDN) authorized the buyback of $250 Million in outstanding common shares. The authorized amount includes $114.6 Million that remains from a buyback program authorized back in February 2016. Buyback programs are often an indication that a company believes its stock is undervalued.

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Churchill Downs Incorporated Announces New $250 Million Share Repurchase Program

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Author: John Wall Street

At the intersection of sports & finance.

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