Dave & Busters: PLAY seems in a really bad spot right now, I don’t understand their buy back decision


They already have a bunch of debt from their Main Event acquisition. I don’t understand why they would want to add up to 300 million more debt on top of that for a stock acquisition. We have a possible recession coming here in the next 6 months why would they want to add more debt in face of that?

My only guess is that they don’t see themselves surviving a recession either way so they might as well buy up stock when it’s low?


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *