Yum to Repurchase $750 Million in Shares

""According to Barrons.com, “With Yum (YUM) shares trading just 9% off an all-time high, the company seems to think they’re still a bargain. Yum’s board agreed to repurchase $750 million worth of shares over the next 18 months, the company announced after the market closed on Thursday. The fast food company, which owns Taco Bell, Pizza Hut and KFC, trades at nearly 18 times forward earnings. Its market cap is $22 billion.”