And.... Be reminded that Yahoo commenters have also tried to paint future lease rent as toxic debt.... tdeck has dug up the new rule and I agree it is very misleading and will change.
Big traders that knew the rule change, demanded the rule change?, took advantage of having to list rent contracts as debt!
FRAN does not have 275 million in long term debt. They have secured leases for their stores and choose to put their money into inventory instead of real estate, and keep that inventory fresh. As a former business owner, IMO, it is wise. Do what you do best.
-pete
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
