Disclaimer: These are excerpts from student assignments conducted as part of a Corporate Finance class. The opinions represented do not necessarily agree with mine. I do not vouch for the quality of the recommendations or the accuracy of the numbers. Follow the recommendations on your own risk.
Students applaud disciplined approach to capital allocation, but also think zero-debt policy too cautious: recommend debt instead of proposed equity issuance
|Proposal||Excerpt of Student Recommendations|
|(2)Authorize share repurchases||
|(3)Authorize equity issuance (without pre-emption rights)||
Link to proxy statement: