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To: ild who wrote (147203)1/30/2002 12:50:49 PM
From: reaper  Respond to of 436258
 
I have an opinion on EVERYTHING <g>

AW, while an excellent cash generator, is a little levered for my tastes (current account deficit; over $9 billion in debt w/ equity cap of $2 billion). I also don't really know what kind of maintenance capex is required in this business (i.e. if you generate $500mm in cash, how much of that do you have to plow back into the business just to make sure cash flow stays at $500mm). So I have never paid that much attention. Plus, with all the accounting shenanigans that went on at Waste Mgmt., I have just presumed that all in that industry are guilty until proven innocent, so have never dug into it.

Cheers