RE: Shorters5 Aug 2020 17:26
Thanks Mr.Flibbles for your polite reply ,we all have different views ( its what makes a market ) ,but have learned that cash in the bank as a opposed to owing the bank puts me in a much stronger position , yes AA has cash flow ,but debt was about £2.7 billion ( yes billion ) and the bidders like the last bidder that took this company private need 10-12 % return ,and the last owner CVC managed to bring the share price down from over £4.00 ,heavy levels of debt and high levels of customer service rarely go together