Wow - he actually said "any company should not be labeled "profitable" until they are debt free"
Amazing - like you said no company would be considered profitable. Debt is a good thing when used as leverage and you make more than your borrowing costs
Thats why I said "should" and "in my opinion". I was not defining "profitable" as known by the investment industry. A company can still have debt and be profitable, but it would be nice if a company could concentrate on how to use its profits without juggling liabilities.
We live in a "credit card/minimum payment" society that lives for today and not the future. I like the idea of living without debt, anyone should. I think Dalby feels this way too and will do his best to get the debt off our backs asap. Especially so at a 30% interest rate.
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