Starbucks is using the oldest trick in the book to boost its stock price (SBUX)
|11/20/2017||Posted by BusinessMediaguide.Com under General World News||
- Starbucks will reportedly sell $1 billion of bonds in order to finance share buybacks, capex, dividend payments and acquisitions.
- Throughout the bull market, shares repurchases in particular have been used to drive stock price gains, even during lean times.
Having slipped from its mid-year highs, Starbucks is turning to the oldest trick in the book to boost its stock price.
The company is planning to sell $1 billion of debt, and then use the proceeds to buy back its own stock, expand its business, pay cash dividends or finance acquisitions, according to a regulatory filing read more >>>