Arrium: We told you so

Arrium’s collapse last week was no great surprise. Intelligent Investor had been issuing warnings for years.

There are few things worse than some smart alec saying ‘I told you so’. But when it comes to Arrium’s (ASX: ARI) fall into administration last week, Intelligent Investor did indeed tell you so.

We told you generally, with blog pieces such as Avoid losing money with this one ratio. Arrium’s net debt to market capitalisation ratio at the beginning of 2016 – three months before it collapsed – was 12 times.

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