Without shops, a high street retailer has no business. Without planes, an airline can’t fly. Whether the company leases the assets or takes out a loan to buy them, the risks are similar, but the accounting can paint a very different picture.
Two things are concerning about the rhetoric in Games Workshop's annual report for the year ending June 2014. Tom Kirby, the longstanding guardian of the fantasy wargaming hobby is as florid and zealous as usual, but he also comes across a little unhinged.