If the company relies on buyback to show EPS growth, a higher share price increases their marginal cost to grow. With $326M due next month where will the monies come from for share buyback? Debt is the answer?
They have been doing this for years. Shorts are areadt burnt...with negative $1.7B shareholder equity there is little room to maneuver. This isn`t Philip Morris with the business generating billions in cash, they've resorted to debt to increase eps, sales stopped growing last year...interesting to watch what is next.
They "beat" earnings after they were revised lower by 10 cents...revs and same store sales week, not to mention bloated balance sheet and 115% ap to inventory. Stock shoild be worth 1,000 in bizarro world.
U.S. District Judge Richard Leon agreed to the Fed's request, while the U.S. Court of Appeals signaled it plans to move the appeals process through quickly. The Fed’s brief in the matter is due October 21, NACS’ brief is due November 20, and the Fed’s reply brief is due December 4. Once briefing is complete, an oral argument date will be set.