The numbers look great Calvo. That was never an issue. The...

The numbers look great Calvo. That was never an issue. The sentiment on the other hand is...

IMO this is driven by BLD's debt. BLD's debt to equity is a whopping 40.1% but to counter this argument.
1. We have been reducing the debt for the last 5 years. 48.4% vs 40.1% today. In fact BLD have been good in using that debt. Check out it's ROCE (Return on Capital Employed) of 7% and a ROA (Return on Asset) 6%. In the current interest rate env, I much prefer debt than dilution.
2. Debt is well covered by operating cash flow 25.8% greater than 20% of total debt!
3. Interest payments on debt are well covered by earnings that is a whooping 5.5x EBIT coverage!

Stay in there folks... even with this debt and economically we go south real hard which I doubt. This ship can weather any economic storm with ease...