They actually make money on the vendor financing part. They charge a higher financing rate than they get.
LOL - I haven't visited this forum for a while. I had forgotten that the discussions are probably 20% about CSCO. This has been going on for years it seems - with no relent
Are you kidding? Chambers was always there to ruin a good earnings report. Seems like the new guy has the same style.
Even AAPL has $60 Billion in debt. Their cash is non-taxed overseas. They issue debt in the US because that's where the divs and share purchases are done. Their cash is locked.
You should look at historical records and you will see the same pattern. Look at any other dividend stock on the market and you will notice that they have the same behavior.
The stock price was based on a certain business business model that has been exposed. Sales growth will come to a halt ans servicing their debt will become an issue.
Look at the product - not what the analysts are saying. You can buy equivalent SJCAMS for 50% of the price. GoPros do not merit that premium. They will have to drop the prices - they are not Apple. Look at the inventory bloat!
Icahn does this all the time - he buy then announces it on CNBC
It's $100 million with a pledge of 2 million shares. You're close enough - LOL - no wonder you're losing your shirt
I wonder if there were arm's length shareholders of Philidor. Remember that $100 million was paid to some people. Do we know if any of those people had personal ties with VRX? No analysts seem to ask that question. What about Ackman? Did he have any interests in Philidor?
$100 million is a lot of money for an 'option' to buy a company with only $700 is sales that were simply flow through sales from yourself! How can they justify $100 million. Something is very fishy here.
In the statement, VRX never said if the loan is now paid in full or if it was a partial payment for a bigger loan. All we know is that $100 million worth of shares were sold.