YUM: Levering Up To Get Paid?

Tops are processes, not points, and Howard Penney has had this one right. Evidently YUM's management team is going to do good on their word and deliver “10% earnings growth”, but they are going to have to lever up to get that share count down!

Moody's downgraded their unsecured rating on YUM's bank facility today, and I am downgrading my view on this stock's support level.
  • Breaking $36.61 was a material negative event here. Next support is $34.09.
    KM
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