People left and right are leveraging themselves 10 to 1 to buy their own home.
Businesses take out loans every day to fund their business operations.
I don't understand why everyone is complaining when Domino's management is leveraging themselves to buy an asset. Plus, it is an asset that produces money. A home doesn't produce any income unless you turn it into an investment property and it will most probably be negatively geared.
I think that is why most people are still employees (AFR writers) because they think any form of leverage is bad.
P.S: Look at Berkshire's balance sheet. They have $102 billion in long-term debt. Is that bad? AFR will be writing "Berkshire is $102 billion in debt" with the purpose of getting views and subscribers.
Ann: Response to ASX, page-53
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$32.59 |
Change
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Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19 | $32.57 |
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| Price($) | Vol. | No. |
|---|---|---|
| $32.60 | 176 | 1 |
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