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> But breathlessly calling out the headline debt number without acknowledging that vehicle debt is a reasonable strategy for a rental car company is misleading
by baddox 6y ago
> But breathlessly calling out the headline debt number without acknowledging that vehicle debt is a reasonable strategy for a rental car company is misleading at best.
Shouldn't the conclusion be that it isn't a reasonable strategy if it causes the company to fail after a couple of months of significantly reduced demand? This global situation is awful, but it's far from unforeseeable.
- abakker 6y agoWhy should companies plan to weather this kind of thing? Honestly, holding huge amounts of savings is a suboptimal deployment of capital virtually 100% of the time.
- baddox 6y agoHuge amounts of savings? It has only been a few months, and surely that would be considered an extremely tiny runway for a large national or international corporation. But sure, if government bailout money is there for the taking, obviously many large companies won't plan for it.