Ten hard questions to ask or be asked

1Does the business have a credit rating? What is it? Does your industry knowledge suggest that the rating might be incorrect?
2What do market analysts (fundamental or technical) have to say about this company (or, if it is not listed/tracked, about similar companies)?
3How does the capital structure look?
4Should the business be factoring, leasing, or otherwise refinancing?
5How are the results of subsidiaries, joint ventures, associates and other investments accounted for? Is this realistic?
6Are the figures realistic, or do you need to adjust them?
7What is the true cost of capital? How does this affect your view of operations?
8How does the business measure up using indicators of debt?
9What do the investment ...

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