said by TK Junk Mail 
:said by MASantangelo :Seems like a perfectly reasonable thing to do if I were a money-grubbing ISP.
Check out their income statements:
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finance.yahoo.com/q/is?s=EQ&annualThey are only making 14%, 12.3%, & 10.6% the last 3 years. Just enough to keep investors interested enough in their company to fund capital improvements.
Income last 3 years
683,000,000 784,000,000 878,000,000
Capital expenditures last 3 years
829,000,000 923,000,000 828,000,000
So the last 2 years they actually had to borrow money to fund improvements.
You forget cash flow, which funds infrastructure (pays all the bills then some is great cash flow). The OCF is $1.74 billion. Their EBITA is $2.67 billion. Their operating margin is nearly 26%. I'd say Emarq has become a nice little investment. The only have $5.67 billion in debt as well. Cash Flow is always a key number. Their book value is $29.98 billion. And, their dividend number would make some companies drool.
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