Banter and General Comments, page-4624

Just got a note from a fund manager.....


Extreme leverage can get even the strongest businesses into trouble. For most companies, the ideal amount of debt is zero.

For any stock you're interested in, look at the company's balance sheet before making an investment. It may take just 30 seconds to know this company isn't right for you. If the 'borrowings' number is larger than operating earnings or equity, you should think carefully about your next steps.