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Ten Big Companies That Are Veering Toward Bankruptcy

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AsahinaKimi Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 09:30 PM
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Ten Big Companies That Are Veering Toward Bankruptcy
From The Business Insider, Sept. 18, 2009:

Despite a few green shoots in the economy and a rocketing stock market, many large companies are still struggling to avoid bankruptcy.

A new report by Audit Integrity identifies some high-profile names "that have the highest probability of declaring bankruptcy among publicly traded firms."

Which companies appear the worst off? We took the list and removed any company with a market cap under $3 billion. We then ranked the remaining names by a simple measure of the market's perceived bankruptcy risk - Market Cap (MC) divided by Enterprise Value (EV). The less MC vs. EV, the less residual shareholders' value (above what debt holders can claim) the market is pricing-in for the company. Thus a lower MC/EV means the market thinks the company is more likely to go bankrupt.

Listed:
Macy's
Hertz
Textron
Sprint Nextel
Mylan
Goodyear
CBS
Advanced Micro Devices
Las Vegas Sands
Interpublic Group


read more: http://finance.yahoo.com/tech-ticker/article/336235/Ten... ;_ylt=Alq5swlQ4wEH2WoI1rlS2hCCfNdF?tickers=AMD%2CLVS%2CS%2CM%2CGT%2CMYL%2CHTZ
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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 09:35 PM
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1. Don't bankrupt your $10,000 student loan though
That would be a travesty!!

When are people going to recognize this is just a big fat scam. They just roll the debt through one company after another, take the profits and leave us holding the bag.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 09:51 PM
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2. I thought AMD already did bankruptcy?
http://www.sharkyforums.com/showthread.php?t=298230

Goodyear's lawsuits for crap tires they had to recall is why they are in trouble (the pension "obligations" are NOT the reason)


Las Vegas gambles


Hertz needs to be driven to its burial

Sprint SUCKS

What isn't allowed to die will be bought, I suppose.

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