Quote:
Originally Posted by mersey70
No might about it, it will be donkeys years yet but I wouldn't impose any restrictions on them until that point even though the debt is their own previous management's fault.
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The debt isn't anyones "fault". It's a purely business decision.
Debt isn't bad, in fact I'd argue it's vital to the well running of any company. You can often gain a far greater return on cash at hand than you're having to pay in debt interest, so why would you pay down debt if doing so will make you less money? (Not to mention that having debt allows you to avoid all sorts of taxes).