So tburke, what do you do when you pay the broker 7% interest to buy stock on margin and the stock price falls on you? Buying momentum stocks on margin is just high-stakes musical chairs.
I certainly hope so and I believe management is smart enough to manage the debt to maximize profit. And yes I did read someplace that they had debt. However if by outstanding you mean debt that is coming due that they cannot handle then the answer is no. You should not count debt due sometime in the future unless you include earnings due sometime in the future.
when silver crashed and the stock was at $2.50, the company almost went bankrupt due to the debt load. They had to sell 10's of millions of shares at a very low share price.
They could sell 4M shares now (a fraction of what they did when the stock was low) and retire all their debt.
I would not be surprised if they announce something like that at any time
Debt is not only good but a sign of a well run company. A company that cannot borrow is in poor shape. Today I borrowed fron the broker and went on margin for 5,000 shares at $33.65. I pay the broker 7% per year interest. I make several times that. That is how money is made. Borrow at low interest and make several time the interest rate.