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  1. #53
    BamaNation Hall of Fame IH8Orange's Avatar
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    Re: Delicious Irony: Tennessee is almost "out of business."

    Quote Originally Posted by TIDE-HSV View Post
    Our debt is long-term bond issues to cover the last two expansions, which, given recent history, we'll pay off early. We could have paid cash, but bonds made more sense because, given current interest rates, it's almost free money.
    From the perspective of a bond holder, if inflation outpaces the interest rate, it could end up feeling like a donation.
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  3. #54
    Senior Administrator TIDE-HSV's Avatar
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    Re: Delicious Irony: Tennessee is almost "out of business."

    Quote Originally Posted by IH8Orange View Post
    From the perspective of a bond holder, if inflation outpaces the interest rate, it could end up feeling like a donation.
    One fairly large institution I represent found itself in just that position after financing a building for a state agency through an exempt bond authority set up for the purpose. Fortunately, there was sufficient cash on hand to pay off the bond issue, which took several millions to do...
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  4. #55
    BamaNation All-SEC
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    Re: Delicious Irony: Tennessee is almost "out of business."

    Agree that the article about debt was very ignorant of accounting and finance. It's like the author doesn't understand the difference between personal credit card debt and business debt used to fund long term infrastructure and capital improvements.

    Apple, Google & Microscoft all have debt in the billions even though they are all sitting on huge cash reserves that could cover Greece's debt restructuring.

    A writer covering such topics should have a more thorough understanding of finance than just listening to a few Dave Ramsey radio shows.
    Last edited by JeffAtlanta; February 2nd, 2013 at 08:05 PM.

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