Published on 12 Feb 2024 on GuruFocus.com via Yahoo Finance
Alphabet and Mueller Industries Are Balance-Sheet Powerhouses
Many investors see only half the picture.
They are like a baseball scout who looks only for hitting ability, not fielding. They focus obsessively on a company's income statement (profit and loss), mostly ignoring the balance sheet (assets and liabilities).
I believe the balance sheet is important, particularly now that we have exited a long period of ridiculously low interest rates. The costs of carrying a lot of debt increased risk of bankruptcy and decreased strategic flexibility have risen.