He's done a good job of saving and keeping debt low. He needs to keep up with his projections to make sure he stays on track. If the market is not good for the next nine years, he's going to have to work harder.

It's interesting that he's been very good managing his debt. His lifestyle in general is of a very conservative person. But his portfolio is extremely aggressive.

The tax potential is much better now.

So far, the debt payment ratio (of loan payments to income) hasn't been higher this decade than during the 1990s, but it's been partly held in check by lower interest rates. In some sense, we haven't seen the whole burden bearing down yet.

I just can't see going into more debt for a recreation center. There's needs, wants and desires, and we need to take care of the needs. I think it's foolish to have more debt.

Bad debt was very high and the problem increased in the final quarter. The company needs to manage this.