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This is a function of investors being concerned following a July report from The Wall Street Journal that alleged legacy telecom companies utilizing lead-sheathed cables could face large environmental/health liabilities, as well as replacement costs. Furthermore, any potential liabilities would likely be determined by the U.S.
Ares Capital (NASDAQ: ARCC) , a businessdevelopmentcompany (BDC) that pays out most of its profits as dividends, went public in October 2004 at $15 a share. as it issued more loans, but its total liabilities haven't eclipsed its shareholder equity yet. Learn More Image source: Getty Images.
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