I haven't seen that but one thing is certain.....The parabolic increase in corporate debt over the past four years seem to primarily using the cash to juice their stock. A lot of big companies are issuing debt to fund their buybacks and dividends so that they don't have to bring the cash back from their tax free status off-shore.
It's probably not happening with CLMT but investors should be keeping an eye of that. I'm at the point where I just don't trust financial reports anymore. I think most company's lie along with their CPA's.
Absolutely wrong perspective, Palladin. The issuance of debt has been used almost exclusively on accretive acquisitions and capital investments, all of which more than offset the debt when examining the balance sheet, and which then increase distributable cash flow.
The taking on of additional debt has been done wisely (though personally, I would be delighted to see deb-to-equity reduced to around 75% to provide a bit more financial flexibility should the economy crater again).