Your analogy is a little off. If I were in the slightest danger of defaulting on my mortgage, you may be assured that even my closest family would be getting handwritten free hug vouchers for christmas.
It’s not about being debt free, it’s about not using your debt for stupid things.
Right but if you were not in any danger of default they would think you a dick if you spent nothing on gifts. You’re moving the goalposts. The statement was that no dividends should be paid while there is any debt, which as I say is a stupid one.
On the contrary, I’m putting the goalposts back where they were before you misunderstood them.
From the article:
Hall concludes the companies have borrowed to pay dividends, rather than to invest in infrastructure projects. The £123bn of capital expenditure spent by the companies has all been financed by customer bills, the analysis states.
Your analogy is a little off. If I were in the slightest danger of defaulting on my mortgage, you may be assured that even my closest family would be getting handwritten free hug vouchers for christmas.
It’s not about being debt free, it’s about not using your debt for stupid things.
Right but if you were not in any danger of default they would think you a dick if you spent nothing on gifts. You’re moving the goalposts. The statement was that no dividends should be paid while there is any debt, which as I say is a stupid one.
On the contrary, I’m putting the goalposts back where they were before you misunderstood them.
From the article:
Read the thread you’re commenting on mate.
I have no objectionz to particular instances of imprudent dividend paying being criticised. I specifically criticised this absolute statement.