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To: dougjn who wrote (3010)7/24/1998 1:14:00 AM
From: MGV  Respond to of 11568
 
"You have to understand that this is an industry in which high debt levels make perfect sense."

Exactly.

The last time I checked, debt not only constituted a lower cost of capital but also was being subsidized by tax policy in the form of tax shields.



To: dougjn who wrote (3010)7/25/1998 3:47:00 AM
From: Sonki  Read Replies (1) | Respond to of 11568
 
Hi doug, off topic:
are u still in tbr? what are your current thoughts on tbr?
split on monday, i think.