So after the stock price plummeted, they’re announcing that they’re putting $5 Billion in bonds up for sale for people to buy? Who in their right mind would just hand CVS cash to keep for 30 years and get 1.5% return?? This seems like a new low, but I don’t know who would fall for it. Are they using that extra $5 bil to avoid layoffs? Probably not!!!
https://finance.yahoo.com/news/cvs-starts-bond-sale-days-145322400.html
No layoffs are coming. F/t remote Aetna are being looked at firstly
@jav+1sqlB9wL agreed. Next up are the finance re--rds who couldn't forecast MA utilization following an incredibly obvious timing event.
Even if it’s 1.5 above treasury you’d have to be crazy to fork over your own cash to CVS for a bond LOL. A completely failed corporation trying to con cash out of people.
So more like 5.5% a year
Let’s layoff the people who do not understand corporate finance
From what I read, a chunk of it is to basically refinance a chunk of debt that would be due sooner than later.
Yesterday’s town hall gave me the impression that Karen thinks the current stock price is the new norm and basically will only rise with natural creep upwards.
I did think the stock price had been way too high last few years.
get your facts right.....
"The dr-g-store heavyweight and health insurer is offering notes in five parts, according to a person with knowledge of the matter. The longest portion of the deal, a 30-year security, will yield 1.5 percentage point above Treasuries...." (from bloomberg article)
not just 1.5%.....that would be stupid