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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (73921)11/9/2006 4:21:43 PM
From: Perspective  Read Replies (3) of 110194
 
I just can't believe they can issue a statement like that. We're going to leverage ourselves and use it to jam the stock price higher. Oh, by the way, our compensation is tied to the stock price.

I guess if the debt market is giving away money, it makes some sense. But seems like somebody ought to be stepping up for the interests of LONG-TERM stakeholders here. It provides a transitory boost to stock price, of interest only to short-term time horizons, and leaves a long-term negative impact.

BC
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