Nissan CEO's $4 Billion Bond Gamble - Why Stock Dropped 5.2% After Announcement
Key Points
- Nissan's $4 billion bond issuance coincided with a 5.2% drop...
Nissan just announced a $4 billion bond issuance on Monday, and investors responded by sending shares down 5.2%. Nothing says "we're totally fine" quite like borrowing billions while your stock tanks faster than your latest sedan sales.
When Desperate Times Call for Desperate Measures
New CEO Ivan Espinosa, who stepped into the driver's seat in April, is facing the automotive equivalent of trying to parallel park a broken-down truck in a space meant for a Smart car. The company posted a staggering $4.5 billion loss last fiscal year, and their stock has depreciated 40% over the past twelv...
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