Does a buy back indicates that the worst is behind: 5 stocks from electricals & electronics sector with upside potential of up to 32%

Whether a buyback is a good or bad move is debatable. To some it is an indication that the company is not planning to expand and hence where will future growth come from and hence it is using cash for buy back so it is not a good thing. To others it is a way that a company is giving a message that it feels that stock price is under priced and using the cash buy back is a good indication. Leave aside the debate, the fact is that in both cases, it is an indication that the company has cash. Let's look back at what has transpired in the sector and why it delivered stellar wealth creators and now why it has been lagging behind. What one company has done might shed some light on whether the challenges are finally taken care of.