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What do you think?
:confused: Assume that the president of Ice Mountain Brewery made the following statement in the Annual Report to Shareholders:
"The founding family and majority of the company shareholders of the company do not beleive in using debt to finance future growth. The founding family learned from hard experience during Prohibition and Great Depression that debt can cause loss of flexibility and evantual loss of corporate control. The company will not place itself at such risk. As such, all suture growth will be financed either by stock sales to the public or by internally generated resoruces"
As a public shareholder of this company, how would you respond to this policy?:rolleyes:
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