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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9818)	5/17/2020 11:47:03 AM
From: robert b furman	Read Replies (1) \| Respond to of 26417

Hi Kirk, Sort of flips a bird at all of the articles that scolded companies for taking on debt to buyback stock, Now is the time to really get strong on reducing the shares outstanding and keep or increase the dividend. Debt can be serviced inexpensively and reducing the shares outstanding, while most stocks have declined in price, will over time drive the price of the fewer shares higher. I wonder what AAPL's rate would be on a billion of debt? My floorplan rate has gone from almost 4 percent to 2.25 percent. I've moved some money to T - A preferred shares paying 5.0 %. Actually bought it at 24.75 - 24.90, which bumped the rate by two basis points to five. Not callable till 12/12/2024. Bob