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Safeway Inc. Message Board

  • southbuckeye southbuckeye Jun 18, 2013 1:12 PM Flag

    Managements Misuse Of The Canadian Sale Money

    Safeway has decided to pay down two billion of its six billion in debt, and use the rest of its newly found Canadian money to buy back shares. By not using all of its Canadian money to pay down debt, Safeway is artificially making its earnings per share look better, hence giving the top executives the ability to fork over more money for themselves. If they really cared about the long term future of Safeway, ALL the Canadian money would be going to pay down debt, which is what is truly needed to allow Safeway to compete with less leveraged grocers in the future.

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