I fail to understand how using debt to buy back stock is good for shareholders. The use of cash or from earnings to reduce debt would improve the balance sheet and make the stock more attractive to the street. Seem to me that management once again exercises poor judgment. what am I missing?
Your right, but their announced buy back will take all the earnings for the period. I hope like hell they don't use debt. the stock buy back program is designed to prop up the stock price to relieve pressure from the speeding of Teva offer. Coury knows the indians are #$%$ at their chief.
During company news release about Perrigo failed tender offer. Talked about removing stitching, improving corporate governance and changing how directors are named. Coury and Heather make glorious and colorful statements about the future. To little to late. VOTE THEM OUT!
To reduce long term debt and restart dividends. Management needs to think about shareholder value. mylan management has spent big bucks playing with stockholder money that had much better use than being thrown down a rabbit hole. Try building a balance sheet that looks like a fort.