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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?


To: Axel Gunderson who wrote (637)8/14/1998 5:54:00 PM
From: Freedom Fighter  Read Replies (1) | Respond to of 1722
 
Axel,

>>>There was a wonderful study done by Stephen Leuthold a few years back.
He tracked a bunch of industry leaders over the decades. You would be
shocked how many faded or disappeared over time. <<<

>Exactly. And one of the causes of disappearance has been debt!

I agree. I am no fan of large amounts of debt. Especially if the company has been cyclical in the past or does not possess a terrific and sustainable franchise.