(Bloomberg Opinion) — The months since coronavirus swept the world have been a bumper period for listed companies selling more stock.This isn’t yet on par with the amount of capital banks had to raise after the financial crisis, but it’s a welcome change. A business with a bigger equity buffer provides comfort in troubled times — more so than being hooked on debt, which must be repaid. Until recently, companies were hellbent on shrinking their share counts via stock buybacks, or they’ve delisted entirely following a debt-funded takeover or buyout. Citi analysts dubbed the trend “de-equitization.”“Re-equitization” is just getting started. …read more
Source:: Yahoo Finance
