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"We are all born ignorant, but one must work hard to remain stupid."
"Any fool can criticize, condemn and complain - and most fools do."
$80 million is not that much for a huge company like Goya. It is a bit less than 1% of the value of the company. A normal company would be reinvesting more than 1% of the value of their company.
And I am sure they are. I am sure they are building new plants on a regular basis, if not to grow, then just to stay steady.
And they are probably a reasonable investment if you want to buy their bonds. But they are not as good as an investment as some believe. And therein lies the problem. Unanue made untruthful statements that will drive down the cost of raising capital for Goya. That starts meeting the textbook definition of fraud.
The fourth-largest U.S. sporting goods chain is headed for bankruptcy, a reversal of fortune analysts blame on Sports Authority's staggering debt and the retailer's failure to adapt to changing consumer tastes. ... Failure to pay by Valentine's Day would trigger a default on its $343 million of subordinated debt.Feb 11, 2016
The Denver Post › 2016/02/11
Why Sports Authority is headed for bankruptcy – The Denver Post
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