The beginning of the end of Microsoft as an interesting investment has occurred. Bloomberg.com reports Microsoft Said to Plan Debt Sale, May Boost Dividend.
The opening paragraph tells us you need to know:
Microsoft Corp. is planning to sell debt this year to pay for dividends and share repurchases because too much of its cash is held overseas, according to a person familiar with the matter.
Mr. Softee (the standard Street moniker for MSFT) is going the route of the federal government and before it IBM, the stock of which has also been range-bound for, let us see-- forever! (Or so it seems.) For no good reason other than to appease constituencies that are non-core, meaning constituencies that are NOT their customers, it has now committed to the route of pumping the stock price since AAPL/GOOG and others have defeated it in the game of corporate "Go" and blocked all its growth paths. It's all over now, baby Big Blue, but the Brownian stock motion.
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