Matt, I appreciate your analysis on Heineken and even bought some stock last week because I think it's undervalued too. And it's a way to participate in emerging market growth and maybe get some benefit in value when the European crises get under control (whenever) and that market gets back on track.But now, speaking of debt, I read that HINKY released a bond issue this week and I wonder what that means for the balance sheet? Some seem to say it's good because the debt restructure is favorable. I don't really understand corporate debt very well and of course Heineken's corporate structure is not very 'transparent' so for me it's hard to tell if this issue is a good thing or not.Do you have any thoughts on this?Thanks. J.
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