Entries by David Phillips

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Leveraged Stock Buyback–Just Another Way for Insiders to Sell?

AutoNation, Inc.(AN), America’s largest automobile retailer, has filed to sell $900 million of senior secured notes, along with about $450 million of bank financing and cash, to carry out a stock repurchase and bond redemption plan. AutoNation said the stock repurchase of approximately 50 million shares, represents about 19% of its outstanding shares. Existing owners […]

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Not a Bad Day’s Pay–If You Can Get It!

Bioscrip, Inc., which provides comprehensive pharmaceutical care solutions, recently announced that Henry F. Blissenbach, President & CEO, will retire upon the expiration of his employmeny contract, effective June 30, 2006. The Company operates in two reportable segments: (1) Specialty Services, which is comprised of specialty pharmacy distribution and clinical management services for complex and life-threatening […]