I want to avoid companies that do big scale acquisitions. (alephblog.com)
This explains why we've recently seen so many large scale acquisitions in the industry in recent years, including many that appear to be overvalued, such as Pernod buying Vin & Sprit, the makers of Absolut Vodka, for $ 8.9 billion in 2008, or 2014's purchase by Suntory of Jim Beam and Maker's Mark for $ 13.6 billion. (simplysafedividends.com)
However, one of the proposals for tax reform is to eliminate debt interest deduction, and thanks to large scale acquisitions in the past few years, Lockheed's debt levels have been gradually climbing (more on this later). (simplysafedividends.com)