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To: LPS5 who wrote (37697)9/2/2003 9:29:22 AM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 74559
 
LP55,

I am taking about the companies that have taken on debt during the 1990's. This debt has to be serviced and the stockholder caries the risk that the debt can not be serviced or rolled over. Companies during the 1990's have become banks and loaned their customers money to buy their products which add risk to the stockholder. The bond holders are paid first!!!!!!