Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: Foolsen Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25  
Subject: More Debt for Brady? Date: 3/2/2006 3:35 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I became aware of Brady because of a pending job interview with one of their (very small) subsidiaries. I think this company has a lot going for it as an investment, more or less as a proxy for the world economy. MF and others have expressed some concern with the pace of acquisitions (they just announced another one today). Perhaps mounting debt is another potential concern: here's a press release from 2/16/2006.

Brady Corporation Announces Successful Completion of $200 Million Debt Offering
Thursday February 16, 4:05 pm ET

MILWAUKEE, Feb. 16 /PRNewswire-FirstCall/ -- Brady Corporation (NYSE: BRC - News), a world leader in identification solutions, announced today that it has successfully completed the private placement of $200 million in ten-year notes at 5.3 percent to institutional investors. The notes will be amortized in equal installments over 7 years, beginning in 2010. Brady intends to use the net proceeds of the offering to finance previously announced acquisitions and future acquisitions, and for general corporate purposes....


http://biz.yahoo.com/prnews/060216/cgth016.html?.v=45
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Wal-Mart Nixes Apple Pay
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement