and its management teams are wrong for borrowing $17B to buy back their shares. Why?. They have to pay lots of interest for this. Assume the interest is 6% annually. How much do they pay? Do your maths.
i did the math and it is great, every share retired means they do not have to send out 39 cents every 3 months, big money going into our pockets. its is not 6% but less, why did you make that number up? (shorting) and the tax savings will be huge.
I don't know but borrowing money to buy back shares are very stupid idea for a company. Later on, they have to pay backthe Loans $17, 000,000,0000. Where can they find that money from to pay for that, while the market is up and down ?. This will be hurt HD's shareholders badly and ofcourse share price. Watch and Learn.
I am a contractor and shop at HD frequently. Asked rental department today in a Tri-city (S.F. Bay area) HD store. Told that they are very busy, and business better than before. It seems that most HD stores are doing great business now. Is this booming in every store? or just in Bay area. Appreciate to hear other comments.