I just read the finance committee meeting notes.  One of the many “suggestions” to the Board will be to state a maximum D/E ratio of 60%.  This I would imagine is to quell those that don’t like the amount of debt and the knee-jerk response to borrow around here.  For every dollar of “trumped up/inflated asset” we own these financially irresponsible board members can try to borrow their way out of their mis-steps to the tune of 60 cents.  THESE ARE OUR ASSETS and it will be OUR MONEY THAT PAYS for their mistakes.

How about ZERO debt unless there is an emergency (i.e. the dam breaks).

Remember the 70’s…the decade…stagflation…stagnant growth with inflation = HIGHER interest rates…it is a real possibility