David Phillips sees a lot of fat on the Dunkin' Donuts (DNKN) balance sheet. Significant...

|About: Dunkin' Brands (DNKN)|By:, SA News Editor

David Phillips sees a lot of fat on the Dunkin' Donuts (DNKN) balance sheet. Significant indebtedness is bound to weigh down the company's expansion strategy, he says, and 55% of assets are nothing more than intangibles. Any slowdown in customer traffic due to rising unemployment could come back to bite Dunkin’ and intensify an already strained ledger.