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(Lyle Stafford/)

The sad tale of Armtec’s debilitating debt burden

Let Armtec Infrastructure Inc.’s ongoing drama serve as a serious warning for companies with heavy debt burdens. Get out from under your dark clouds while you can.

In early 2011 the infrastructure specialist’s stock was flying high when management suddenly announced plans to suspend its dividend. In the span of one week, the company’s stock dropped 75 per cent. The root problem: too much debt.