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Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. We note that Austal Limited (ASX:ASB) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.
Why Do...
>>> Read more: Is Austal (ASX:ASB) A Risky Investment?
Why Do...
>>> Read more: Is Austal (ASX:ASB) A Risky Investment?
