It's a wonderful day y'all
I read somewhere that company debt has gone up a few factors of 10 over the past few years.
Could that be true?
Would you come from India or China to such a precariously leveraged employer?
I hope none of the recent arrivals bought houses locally....
The beauty of that debt is you get to borrow at very low interest rates and use the money to buy-back the company stock.What's a few billion in loans when you're an unstoppable money machine. We're far too big to fail. Wink, wink. $$ JL $$
The beauty of that debt is you get to borrow at very low interest rates and use the money to buy-back the company stock.
Everyone was doing it including yours truly. One of the real crimes of the Fed's QE programs.
http://www.bloomberg.com/news/artic...s-borrowing-spree-darkens-stock-market-future
It's a wonderful day y'all
Bernie Sanders has us in the crosshairs.
a little pressure could do us good. We've been feeding at the trough for long enough.
You can't get by forever on hot air, promises about pipeline, stock buybacks.
There are dozens of great drugs we could be manufacturing. So what if some are generic?
I'll tell you this with 100% certainty: The current efforts for long term growth through globalization will fail. Globalization = deflation ... Repeat 1000x until mgmt gets it.