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Could it also be a case of Google's financial planners thinking they "don't have enough debt" in the eyes of investors? If their debt to equity balance sheet i
by stock_toaster 15y ago
Could it also be a case of Google's financial planners thinking they "don't have enough debt" in the eyes of investors?
If their debt to equity balance sheet is too tilted, they could be perceived as 'lazy'. This move could be a way to acquire more debt that is easy to manage, as well as improve their credit rating (if they need it).
In some ways, I wonder if this is a move to boost their stock price, after the dip it took recently due to backlash from their earnings call goofiness.