Capital Structure part 2 (08/27/07)
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Last week I asked the question; what makes the ideal capital structure? 

I gave you some of the comments I heard from leading CFOs and Treasurers in the space.  And then I kind of left you hanging when I said "I think Brian (Campbell, AutoZone's treasurer) and Jeff (DeBoer, Lithia's CFO,) are really onto something when they talk about it depending on the cash flows the company will receive. 

Harry Yanowitz (Pep Boys CFO) also made comments on Pep Boys earnings conference call last week suggesting the company's capital position depended on its cash flows when asked about sale-leasebacks and capital structure.

So today I wanted to show you what the operating "coverage" of ...

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