Loading it up with debt is an intentional strategy as you point out you can’t not let an essential service disappear so you either have to nationalise it or bail it out with taxpayer money.
You gain money to pay dividends, you make money on the interest, and then you make money when the company finally goes bust and has to be bailed out and the loan is refinanced.
Loading it up with debt is an intentional strategy as you point out you can’t not let an essential service disappear so you either have to nationalise it or bail it out with taxpayer money.
You gain money to pay dividends, you make money on the interest, and then you make money when the company finally goes bust and has to be bailed out and the loan is refinanced.