Not a big fan of debt myself in that I'd rather see it paid down and then buyback shares instead of the dividend. I've owned since 2009, and I was a little nervous buying back then because the debt load was way higher. That being said, there isn't much difference if you look at peers in terms of debt load. They are generating close to 600 mil a yr in income, so debt could be paid down if they really wanted to. The maturities are pretty far off too. Also, people can still afford sugar water even if the economy tanks, so I'm not really worried about them not being able to service the debt. The p/e of 15 is way low in comparison to peers even if you back out deferred revenue from the deal they made while back which helped payoff some of the debt.