YANK recently posted an excellent column detailing WAG's future prospects. Cudos to him. But Yank failed to include one important point. WAG's off balance sheet debt is greater than 50% of their reported total assets. This can't be good. Still think WAG isn't overpriced? Think again.
"For example, how do you feel about knowing that Kohl’s kept over $8 billion (61% of total assets and 50% of its market cap) off its balance sheet? Not so good…now maybe you see why FASB is finally getting around to addressing the issue."
The article clear says Kohl's. WAG is not even mentioned. Put down the bong or put up the link!