4 ms·
The big problem was its £1.4bn in debt, which really brought it down. Id be careful holding shares in companies with big debt if there's a coming downturn.
by xioxox 7y ago
The big problem was its £1.4bn in debt, which really brought it down. Id be careful holding shares in companies with big debt if there's a coming downturn.
- dehrmann 7y agoHow's AT&T looking these days?
- Mindwipe 7y agoNetflix and WeWork are more pertinent examples tbh.
- mrguyorama 7y agoI was not aware Netflix had significant debt.
- Mindwipe 7y agoNetflix is basically sticking $4 billion a year in bonds at this point. That's not necessarily a problem today. Debt is cheap. But they do have to slow that down at some point through lower spending or increased revenue, and if the cost of debt suddenly skyrocketed in the meantime, which is not impossible, that would be a big problem for them.
- chillydawg 7y agoNicely propped up by the government.