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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (5121)	10/9/1998 1:30:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78559

Ron: my opinion re. loans is opposite from yours. Any company with old debt is in good shape if they can refi. Everybody who can (whose covenants permit) is, or should be, refinancing their loans. We are seeing the lowest rates in a generation. Banks make loans. I am getting calls or letters every day to refi. my mortgage. And I see no reason why companies are not also being visited by bankers also for the same reason (refi). To say you will not buy any company with debt, IMO needlessly limits very good investing choices. (For me, I am placing tomorrow an order to buy more DTG - now there's a company with some debt -g-. But so what? All the companies in its industry also have high debt levels. So they there's no competitive advantage to have/not have debt. And as long as companies can service that debt and profit from having such debt, I say more power to them -g-.) Paul