Corporate America = Vapourware?
Comment of the Day

March 20 2019

Commentary by Eoin Treacy

Corporate America = Vapourware?

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Eoin Treacy's view

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One of the most significant side effects of ultra-low interest rates has been the creation of a clear incentive to take on as much leverage as possible. Whether that is justified as reducing the weighted average cost of capital, providing the funding for buybacks and dividend increases or for improving the veneer of EPS growth, the result is the same. Leverage has increased substantially.

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