Brown-Forman: Stock Buyback Program Isn't A Buy Signal (NYSE:BF.B)

Brown-Forman Corporation (NYSE: BF.B ) initiated a share repurchase program. The spirit producer's growth outlook is increasingly weakened by secular trends, though, in my opinion, not making the program a very accretive use of capital. Brown-Forman's earnings will remain strong, butI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identif ...