re: single desk has gone...smh says (part 1) actually it should...

re: single desk has gone...smh says (part 1) actually it should fall like a stone. If you look at the the amount of debt it is carrying (121%) and the threat of losing assured cashflow.
121% that means this company is negatively geared with the possibility it will not be able to meet commitments. Would you negatively gear a house with the prospect that you have declining capital gain and reduced rental?
What does Warren Buffett say?
It's "a dagger tied to a company's steering wheel pointed straight at it's heart. You will someday hit a pothole."
You don't think it has hit a pothole here?