Alberto-Culver
This article was originally published in The Rose Sheet
Executive Summary
Repurchased more than 5 mil. shares of Class A common stock over the last several months after Alberto-Culver's board approved buying 6 mil. shares earlier in the year, the company reported Sept. 14. The board plans to discuss increasing the share repurchase authorization at its next meeting. Alberto-Culver believes its stock, "particularly the Class A shares, to be significantly undervalued at this time" relative to sales and earnings results