Deleveraging- where do we go from here?
Here's a quote from Mark Cuban, who is a pretty smart fella and has made a lot of money in the business world:
"Any company that is built around the need to add debt is in trouble," says Mark Cuban, owner of the Dallas Mavericks and founder of HDNet. He ranks 161st on The Forbes 400
this year with a net worth of $2.6 billion. "The process of
deleveraging is industry agnostic. If I had the time, I would be
researching every company that needs renewable and expandable debt to
survive and would short the sh*t out of it."
Interesting, huh? What say you?
I cant stand Mark Cuban. He is obnoxious and makes an ass out of himself at the basketball games. But he is absolutely right.
I personally am staying away from stock picking for clients. I;d rather use Mutual Funds and ETF's
I'll still trade for myself a little, but it aint my focus.