https://twitter.com/pierpont_morgan/status/1062063617451966465
Spreads blowing out on GE debt (these are the 2035 notes now at 265bps) pic.twitter.com/zyNa06TZcK
— Tracy Alloway (@tracyalloway) November 12, 2018
The share buyback chickens are finally coming home to roost. In 2016 alone GE borrowed money to buy back over 20 billion in stock. Shareholders losses on those purchases are already about 15 billion, but could grow much larger when GE has to issue new shares to pay off that debt!
— Peter Schiff (@PeterSchiff) November 12, 2018
https://twitter.com/Hipster_Trader/status/1061998115669114880
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