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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (672774)	2/20/2005 2:58:06 AM
From: DuckTapeSunroof	Respond to of 769667

Check out this Reuters screening tool --- you'll see plenty without debt. (You can screen for long term debt, total liability, etc.): investor.reuters.com By the way... just off the top of my head, MSFT hasn't any debt, CSCO hasn't any debt, etc., etc. (Not really fair to count tiny revolving credit lines and such, that are used mostly for currency sterilizations or money management accounts when billions are banked, but I guess you could if you wanted to get silly.) Or, you could check this recent article out: Companies with no debt fly high By Matt Krantz, USA TODAY Microsoft, Walgreen, Cisco Systems and William Wrigley have something in common that may surprise you. None of them has any debt. ... Cisco has never borrowed money and doesn't plan to. The networking company uses the cash it generates to fund expansion. Last quarter, the company threw off $1.6 billion in cash from operations. Not having debt has helped Cisco hold up much better than rivals during the vicious downturn. Cisco earned $772 million during its most recent quarter, while Lucent lost $7.9 billion. Having interest to pay on $3.2 billion in debt hasn't helped Lucent. Walgreen says its drugstores generate enough cash to pay for its expansion. Its philosophy of being debt free is similar to a consumer who pays credit cards off every month, says spokesman Michael Polzin. "We're the pay-as-you-go type," he says. Its shares are just 9% below their 52-week high. ... Wrigley doesn't have a policy banning it from borrowing, but the chewing-gum maker says it has never had long-term debt since being founded more than 110 years ago. Ross Stores, a discount apparel retailer, has structured its business so it doesn't have to borrow. Excess cash generated from existing stores allows the company to expand the number of stores by 12% a year, says spokesman Katie Loughnot. And new stores only cost $1.3 million in cash to open, yet generate about $6 million in revenue in their first year. That means they pay for themselves in about two years. =================================================== SHEESH! Don't you feel silly now, Baldie? There are HUNDREDS... maybe more, and that's just US public companies.... =================================================== usatoday.com