BARAKA,
Thanks for applying some FACTS to the '$20 billion debt' furphy that's been running around for days.
And for noting the Howard Smith acquisition, which was ALMOST 'the buy of the century.' I'd rank it a close #2 to WES' acquisition of the Curragh coal mine: Arco spent $500-600 million building it, WES got lambasted for buying it for $200 million at the height of the dot.com era. And you can bet their Curragh acquisition business case never envisioned a 300% price increase for met coal ih ANY future year!
is $20 billion too much debt?, page-22
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