Carol Levenson
Carol Levenson
bad contest war
Getting into a bidding war with J&J is bad enough. But getting into a cash-throwing contest with J&J is even scarier.
management
This does not have the earmarks of a long-planned management transition.
boost borrowed earnings ensuring funds per remain stock
A stock buyback is a risk-free way of ensuring earnings accretions. As long as borrowed funds remain cheap, as they have for some time, it's also an inexpensive way to boost one's earnings per share.
agency banker financial lead market rating
Market nervousness can lead to counterparty nervousness, which can lead to rating agency nervousness and banker nervousness, and the company's financial flexibility could become impaired.