Feb. 19 at 3:32 PM
💸
$OMC just hit the “buy our own stock” button… HARD.
Omnicom ripped +10% after announcing a
$5B share repurchase plan - roughly 23% of its market cap.
The spicy part:
$2.5B is an accelerated buyback funded with cash on hand, with shares hitting as soon as Feb 20 and final settlement by end of Q2.
Add in record Q4 revenue (
$5.53B) and the market suddenly remembered this thing was trading near its lows.
Low multiple + big buyback + fat dividend (~4%) = value crowd waking up. 👀