by Alyssa Oursler | May 1, 2013 9:01 am
Apple (NASDAQ:AAPL[1]) sold $17 billion in bonds on Tuesday — something InvestorPlace contributor Marc Bastow says is great for the company[2], but not so great for investors. As he put it: “Apple has no reason not to tap the debt market. It’s cost-effective and practical.”
JCPenney (NYSE:JCP[3]), which recently kicked CEO Ron Johnson to the curb[4], will receive a $1.75 billion, five-year senior secured loan[5] from Goldman Sachs (NYSE:GS[6]). That comes on the heels of the news that George Soros has nearly an 8% stake[7] in the struggling retailer.
Herbalife (NYSE:HLF[8]) posted a 17% improvement in revenue and an earnings beat in the most recent quarter, while also raising its full-year profit forecast. That helped it post double-digit gains over the last week. Still, Jeff Reeves says to stay away[9].
Twitter co-founder Jack Dorsey said the social media company is not even thinking about[10] a public offering at this point. According to IPO Playbook[11] writer Tom Taulli, though, “showing anti-IPO sentiment is the cool thing nowadays.”
Pitney Bowes (NYSE:PBI[12]) slid nearly 16% yesterday after posting not-so-hot Q1 numbers and cutting its dividend. It’s still in the black year-to-date, which Marc Bastow says is all the more reason why investors should cut and run[13] if there’s still profits to be taken. He even tagged Pitney Bowes as a company that would not survive through 2020[14]!
Berkshire Hathaway (NYSE:BRK.A[15], BRK.B[16]) — this week’s Stock of the Week[17] — reports earnings this Friday. Check out all our coverage on the company here[18].
Check out past “6 Stocks in 60 Seconds” clips here[19].
For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook[20] or follow us on Twitter[21]. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler[22].
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