For a growing company, leverage can be quite beneficial. Indeed, it allows for higher cash flows to common shareholders, potentially resulting in higher total returns in the long term. Of course, as sector dynamics change, a company can switch fromI ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with cover ...