WFG still buying back shares under it's NCIBAs reported on SEDI today, in August WFG bought back approximately 313,000 shares at an average price of $119.45 (total share purchases of over $37mm). Their daily purchases have dropped because the average daily trading volume has been low this month, but WFG still must think their shares are undervalued.
Current price is $112.93 so they're not looking like geniuses right now though. Neverthelss they must not think the housing downturn will impact them that much, otherwise, you'd think they stop buying back shares and wait to see how things play out.
They definitly need to find a new CFO and get rid of Jim Gorman though.