Now that the Target stock real estate spin off seems dead, can Target raise additional funds to help pay down its debt and get the cash it needs to open new stores?  One may question whether or not investors would approve of opening any new stores at all in this environment, especially at the cost of shareholder dilution.  Debt on the other hand seems to be a pretty big deal for Target stock.  The company’s current long term debt is at around 69% of its market capitalization.  It certainly would make a lot of sense to begin paying this down, perhaps even at the expense of the Target stock dividend.