BestBuy issues $1.5Billion in unsecured debt in Q1 and uses $1Billion of it to buy back their own shares - CapEx unchanged to lower

'via Blog this'

All joking aside, here's what happened: in Q1 BBBY issued $1.5 billion in Senior Unsecured Notes, and promptly used $1 billion of this to buyback its own shares. Because this time the credit bubble is different.

Thank you Bernanke.