MSB 5.50% $1.38 mesoblast limited

Mallinckrodt Beats Expectations, page-7

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    They got cash balance of 259.8 million despite share buybacks, debt reduction and payment for termination of pension plans.

    @valueinvesting,

    So Debt doesn't come into the equation at all?
    You can have as much debt as you like, so long as you have a decent cash balance, is that how it works?
 
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