Hi folks. I had D several years ago, and loved it. Had to sell it, though, to buy a new car. Now I'm looking to get back in. Any negatives about D that I may have overlooked? It looks pretty good to me so far.Nice to see Spriteman here, too. Somewhat reassuring :)
<<Any negatives about D that I may have overlooked?>>Dominion's monster debt load has always been a concern to me, but that is an industry-wide phenomenon. The good thing is that D's strong cash flow should allow the company to start paying down its debt as soon as 2002 (that is, if Dominion wants to start paying down its debt load. My bet is that Dominion has another acquisition or two coming up...).Always Long,Spriteman
Dominion's monster debt load has always been a concern to me, but that is an industry-wide phenomenon***************True, it is an industry-wide phenomenon. I always thought it was because they could usually earn a better rate of return on the borrowed money than they paid in interest. That's why they carry so much debt. And also why they typically shoot up whenever interest rates go down. Gotta love it when you can make yourself rich using other people's money.I would also agree that with interest rates as low as they are, D probably is not going to be in any big hurry to pay down their debt.
read my posting in reply to spriteman