The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 2 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Stack: Dick's Sporting Goods finances all operations from earnings and carries no long-term debt
“I will always be a little paranoid and insist that we finance all we do from our own earnings. It seems to me that's the only way to control your own destiny. The banks can't take away your business if you don't owe them any money. So we carry no long-term deb…”
Stack: Heavy PE debt loads destroy retailers' agility during market downturns
“Many have carried a heavy debt load pushed on them by their private equity owners, firms that use these stores and that debt to pay themselves. When you're leveraged up like that and have significant interest payments to make, you're not as nimble when things …”