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Time Warner Cable Inc. Message Board

  • master_yucki master_yucki May 10, 2011 8:54 AM Flag

    question

    TWC is 23B in debt and has 3B in cash, according to yahoo finance.

    TWC is buying back loads of shares, even though the stock price is richly valued, much more richly valued than GOOG, MSFT and even AAPL!

    Insiders are selling stock regularly. TWC issues a 2.5% dividend.

    So my question is: is TWC borrowing money effectively to do this buyback? How did they get 20B in debt -- they've been around forever. Why is a company that is 23B dollars in debt issuing a dividend and buying back richly valued stock when it is losing subscribers? Shouldn't TWC be paying down its debt?

 
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