Subject: Re: Chevron Buyback & Dividend Raise
I have no way to prove this theory out- but in my opinion, when a company with a good history of repurchases, stop because the environment is tough or un-clear, it is time to buy. They'll come back to the stock when 'the coast is clear'- KMX is cheap here.

ALLY financial is another one- they've stopped buying back to build capital due to losses.