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To: Michael Burry who wrote (2584)12/2/1997 9:55:00 AM
From: Paul Senior  Read Replies (6) | Respond to of 78596
 
Mike B: UHAL. I'll relook debt issue. (I forgot about your post.) Unlike many investors, I have no basic problem investing in companies with LOTS of debt. Money is just so cheap now. Just as individuals jump to refinance houses, co's will refinance their balance sheets IMO. Debt hurts enterprise value yes. But I want to see what's being done with the debt. UHAL has many options given their business model. Cash flow for UHAL - I think (I will have to check further) - will be adequate to cover interest.