Keep pumping it up… maybe by the time I die I will have recovered half of what I lost in a year….
I loved how after it dropped 95% from $100.00 to $4.00 they sent a letter out to 401k enrollees talking about how investing their stock should be perceived at the highest end of the risk spectrum….
The U.S. life and property insurer said it sold 56.1 million shares at $16.03 each. It intends to use net proceeds for general corporate purposes, including the possible repurchase of outstanding debt.
They issued debt to the tune of 56.1 million additional outstanding shares….yet plan to use the proceeds to repurchase outstanding debt.
Perhaps my understanding of this is flawed but what sense does issuing new debt to pay old debt make? That sounds like an AIG type move
Keep pumping it up… maybe by the time I die I will have recovered half of what I lost in a year….
I loved how after it dropped 95% from $100.00 to $4.00 they sent a letter out to 401k enrollees talking about how investing their stock should be perceived at the highest end of the risk spectrum….
THANKS RAMANI
The U.S. life and property insurer said it sold 56.1 million shares at $16.03 each. It intends to use net proceeds for general corporate purposes, including the possible repurchase of outstanding debt.
They issued debt to the tune of 56.1 million additional outstanding shares….yet plan to use the proceeds to repurchase outstanding debt.
Perhaps my understanding of this is flawed but what sense does issuing new debt to pay old debt make? That sounds like an AIG type move