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Higher Interest Rates Will Be Bad News Even For Some Stalwarts

2015-03-20 17:33:30| Agriculture - Topix.net

Some stalwarts, such as General Mills, Coca-Cola, and Philip Morris, have failed to achieve meaningful growth in the last three years. To mask their declining earnings, these companies have resorted to aggressive share repurchases, and thus have increased their net debt and annual interest expense.

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