Dell Deal a Turning Point
The Dell (DELL) transaction could be a major turning point, not just for credit, but for rates too.
Full disclosure, I'm long Dell bonds, which obviously makes recent news that Dell is seriously considering a leveraged buyout very painful. But that's not what I'm here to write about. Consider what this proposed transaction is: A steady-cash-flow-but-slow-growth company taking advantage of low interest rates and favorable credit conditions to increase leverage materially....593 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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