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by vonmoltke
2293 days ago
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> Even Apple took out billions in loans for stock buybacks.[0] That article says nothing of the sort. It says Apple issued $7B in bonds despite sitting on $200B in cash, and independently mentions Apple having spent $122B on stock buybacks in the past 18 months. The article also explicitly states the new bond issue is being used to pay off existing, higher-interest bonds that are coming due this year. > Boeing took out $43 billion in loans for stock buybacks[1] Again, the article says nothing of the sort. It says Boeing spent $43.4B in cash over a six-year period on stock buybacks. As a result, it does not have sufficient cash reserves to handle the financial fallout from the 737MAX incidents, and so has to borrow to cover those costs and keep the company solvent. The amounts cited in the article are significantly less than $43.4B, though still significant in the absolute. |
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