The need for leverage
FEATURE
Annabelle Williams
With companies' debt-to-equity ratios continuing to fall in 2014, Annabelle Williams asks if investors are underestimating the value of leverage.
Debt aversion has been a part of investor mindset since the dotcom bubble of the late 1990s. Investors bought in to internet-based companies making annual losses on the expectation they would one day make...
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