This isn't standard dilution folks, this is where they add to both sides of the balance sheet. Yes, there are more shares, and by the exact same amount the outstanding debt is reduced.Sheesh, traders act like they are just giving these shares away for free and aren't getting anything for them.It is taking money out of your checking account and paying your credit card. The net worth is still the same.
Better to keep your mouth shut and be thought a fool than to open it and remove all doubt. Your lack of understanding is breathtaking.
"It is taking money out of your checking account and paying your credit card. The net worth is still the same."No it isn't it like giving up 33 percent of all future paychecks, to pay off a small vacation loan . They still have 22 billion in debt after this preferred issue is off the books.
Moron, earnings are diluted 1 for 1. God Lord, does the swine flu cause stupidity.
Wow, that short position must have you really scared. Just cover it and stop the hatred.Yes, earnings are diluted 1 for 1, and debt expenses are eliminated/reduced which boosts EPS.I'm sorry to hear you had the swine flu. I hope you get better.