Gee, Karen, you would not be telling us that the companies that leveraged themselves into outer space just might be the same companies that seem to have soiled balance sheets these day, would you?
We might recall that darling Enron also leveraged itself to the eyeballs and beyond during the last, fondly-remembered stock bubble of the late 1990s. No doubt, Jeff Skilling believed that cash was “trash” as Enron sought to be the debt king of the universe. Funny how things repeat themselves.
1:28 pm on October 2, 2008