Issuing debt to buy yourself, what could go wrong?!?! Seriously thought, this is a landmine. If the company faces cashflow issues and they can't pay their bon

Issuing debt to buy yourself, what could go wrong?!?! Seriously thought, this is a landmine. If the company faces cashflow issues and they can't pay their bond payments, then the company can be sent into a negative feedback loop where their stock price continues to fall, making it harder to borrow, which eventually leads to bankruptcy. This is the situation that happens a lot with companies who are otherwise profitable. They just have too much debt as the result of a leveraged buyback. So they are operating on the edge, and one bad quarter throws them into a tailspin.