Memo To Chrysler: Pay Off Some Debt
Regarding your article "Kerkorian to Chrysler: It's payback time" (News: Analysis & Commentary, Nov. 28), it concerns me that Chrysler is about to be forced to address the desires of a greedy individual at the expense of other shareholders. I would use the excess cash to pay down debt until Chrysler has a triple-A credit rating. During this process, the borrowing costs would be reduced, and Chrysler could then use the increased amount of cash to purchase stock and possibly raise the dividend.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.