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Edwards Lifesciences Corp. Message Board

  • omgrisktaker omgrisktaker Oct 1, 2013 10:53 AM Flag

    EW takes on more debt

    This new debt cannot be a good sign......On September 24, 2013, Edwards Lifesciences Corp. (Edwards Lifesciences) announced that the Company has agreed to sell $600 million aggregate principal amount of 2.88% senior unsecured notes due October 15, 2018 at a price equal to 99.5% of the principal. The Company informed that the sale of the senior notes is expected to close on October 3, 2013, subject to customary closing conditions.

    Current common stockholders being asked to absorb $600 million dollars of corporate debt. What ever happened to a company using revenues to pay expenses as you go? EW is acting like the government taking on more debt. Possibly soon it may shut down like the government who let debt spiral out of control. Remember EW cannot print treasury bills like the FED. Shorts get a gift.

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    • It's called taking advantage of the lowest interest rates ever. you take in $600 million and you apply it to a business that has gross margins far in excess of the 2.8 interest. They could buy back stock or pay a dividend. Ever hear of Apple or costco they choose to
      borrow the money to pay a dividend because money is so cheap.

      • 1 Reply to fbertital
      • Debt is debt and these funds are a roll of the dice as interest rates will soon rise and EW interest expense will increase. These are unsecured notes. They should use executive stock options issued to upper management to secure these funds. Oh the humanity subjected to the common share holder, where is the common share holder dividend payout. It's been 13 years since the spin off in 2000 from Baxter and not a single dividend payout. Why not attract income investors, the bulk of investors in the stock market due to the aging baby boomers and throw them a bone!

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