02-13-2015, 09:59 AM
(02-13-2015, 09:54 AM)EricL Wrote: When/if the era of cheap debt passes away, the highly levered companies will take the biggest hit and give the stronger players an opportunity to pick up market share.
I completely agree with this. I know that a lot of companies are taking advantage of low rates right now, which is the right thing to do for their shareholders. Going forward, if rates rise, it will be interesting to see who can manage their debt levels. As for me, I'm sticking with companies that have responsible balance sheets who have been around for a long time.