I guess CDK can't borrow this time, looks like enough debt already. Big Mac has to prop that stock up that has fallen almost 12% since the announcement of the new CEO.
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Nah... Ronald McD's contract was going to be up on Dec, 31 2018... he extended it to the end of the fiscal year to the tune of another 8M in stock options.... of course he will just go on a world tour on CDK's dime, and tell everyone how great he did..
Brunz did the purchase with his own $.. an interesting purchase for sure... The buybacks sure are not helping... closed below $50 again today.. Someone made a killing selling short... for sure.
Don't let anyone fool you... Brunz is running the show. I just hope the circus all leaves on the same train when RMcD heads to the next disaster. Probably Caterpillar.
This is why Ronald McDonald was shown the door recently.
https://www.fairfieldcurrent.com/2018/11/15/lee-j-brunz-purchases-2500-shares-of-cdk-global-inc-cdk-stock.html