“Of course, they would have called DDT if they could refinance more cheaply with declining interest rates. Which implies their financial situation is not the best.”
Paul,
That’s a shrewd observation and probably correct. To have to carry debt at 7% is more burdensome than the 4%-5% they might have gotten were they credit-worthy enough. I haven’t tried to benchmarking them against other retailers to see how they fared during the retail crash a couple weeks back. But it’s probably worth doing.
Arindam