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Reader Comments for
Subscribe to this threadTata takes out $3 billion loan to buy Jaguar and Land Rover
(Page 1 of 1)
Colin Smith @ Mar 18th 2008 5:57PM
I see, they can't afford it, so they are going to borrow money on Wall Street.
I'm enjoying this...
VP @ Mar 18th 2008 6:13PM
If you graduated college, i am pretty sure now that you slept through ECON 101. Do you think any company is going to have cash resources of over $3 billion? Did you ever buy a car or a house with cash?
Why do you think Chase gave Tata a loan for all those billions? Because they have confidence in tata's ability to pay it back. By the way you will enjoy Indian companies buying a lot more of your "icons". This is just the beginning.
dejal @ Mar 18th 2008 7:03PM
"Did you ever buy a car or a house with cash?"
Yup.
hashiryu @ Mar 18th 2008 8:19PM
Yeah, you take a loan to buy a house (an appreciating asset) and you buy a car cash (depreciating asset).
Reader @ Mar 18th 2008 10:19PM
Even if you find his analogy flawed his point still stands 100%. A company that would keep 3 billion sitting around would fall into the ground, fast. All cash does is depreciate with inflation when it could be invested in capital. The fact they got the lone isn't because Tata is a poor company, it's actually quite the opposite. Tell me how it goes when you ask a bank for a $3,000,000,000 loan.
cam427r @ Mar 19th 2008 1:10AM
No companies with that kind of cash? ExxonMobil and British Petroleum both have over $8 billion in cash each.
jonathan @ Mar 28th 2008 8:53AM
Yes you can enjoy. Unlike the CEO of GM who took pay of 5.8 million when his company lost 32 billion the Tatas know how to get the job done.
They also put down a lot of their own money and are not buying it with zero down .
This is not the subprime mortage issue or the private equity issue that we have in the US. These guys put their money where their mouth is and are willing to work hard for that.