This link takes you to a post on Grandich's site.... it describes an out of step financing... and the rationalization for the move... especially when they may have been a bit early in the move...
Peter makes a compelling case... However... I think they made the move specifically anticipating more difficult times in the near future... in spite of the upcoming milestone, better to have money in the bank at times where the ability to load up on cash is at maximum to weather times when money may be harder to get....
JMOP ... I think they see some hard times coming soon, and what better time to position oneself for coming out of a hole, to be in a position to take advantage of bargains in growth opportunities that may go on sale... I think it is rather intuitive... and very smart.
GLTA Lostoutwest
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