Joined
·
11,498 Posts
This just in from Satellite Communications Analyst Armand Musey of Salomon Smith Barney: "We have no 'WorldCom' in our sector. Among the companies in our universe we find there are no large companies with excessive balance sheet risk.
"For the most part, over-leverage appears a small company phenomenon. Typically, these companies borrowed heavily over the past couple of years to fund business expansion that has been slower to develop than originally envisioned. After taking a closer look at their balance sheets, we do not believe that any of the companies we follow is currently at a major risk of default."
Whew!
From SkyReport (Used with Permission)
"For the most part, over-leverage appears a small company phenomenon. Typically, these companies borrowed heavily over the past couple of years to fund business expansion that has been slower to develop than originally envisioned. After taking a closer look at their balance sheets, we do not believe that any of the companies we follow is currently at a major risk of default."
Whew!
From SkyReport (Used with Permission)
