106 Billion in debt - someone tell me why I should invest in this stock
I have been considering this stock for the dividend but noticed that they have 106 billions in debt. why is the debt to cash level so high? Is there a risk for this stock to go belly up with all this debt?
Yes, mgmt has been sucking this thing dry with their high salaries for years and now it's coming back to haunt them. They have no worries, already cashed out and made millions plus they're given the stock. Their future is secure while the bagholders lose. Cramer keeps pumping this one but he's been in and out several times. It's all just a game so play this one and take quick profits; never hold. Buy before the div. and cash out - move on.