My favorite MJ tune: "Billie Jean" which I have been listening to alot now. RIP MJ.
I don't find it hard to believe their debt is still increasing -- considering the company STILL has not turned ANY kind of profit even since Snyder took over and they made that huge Dick Clark Productions buy-in.
If it really is indeed $2.7 billion in the hole to-date...Wow.
I'm wondering if there just won't be a giant sell-off at the end of 2010.
I still don't think they're on a death march. Not yet.
If so, we can't really base anything off of that, because they can't return any profit until people enter through all of the park gates...
Seems like other companies carrying that kind of debt load have at least one of two things in their favor that SF may not. A growing market/market share, and/or enough income to pay down more than JUST the interest....
But my debt is equal to the value of my property, even during this housing crisis we're in.
Chuck, won't call them finished but K-MART buys up several other store brands, Files bankruptcy and then buys SEARS??????? It's the corporate way.
john peck said:
Debt isn't fun, my $201,300 debt may be insignificant compared to these numbers, but it's still a lot to deal with and it creates excessive stress sometimes
Wow. How did you get so way in over your head? It really isn't any of my business, but you kind of invited solicitation by bringing it up on a message board. :)
The thing with Americans is they spend more than they have on things that are not a complete necessity; as well as purchasing items, property and services that are outside their income level. It's the whole "I must have what I want, right now" mentality, as opposed to saving up over the course of a few years and then buying it out of pocket instead of on credit or via financing. That's usually the main reason so many people go into debt in the first place. And it's so easy to avoid too if you just have the determination.
It's like that 24 year old you see on the freeway driving a new BMW, but he only rakes in $30K a year and the car is on a lease. HELLO? Idiot.
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