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Reply #1: A couple more at risk, according to Yahoo: [View All]

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seafan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 08:25 AM
Response to Original message
1. A couple more at risk, according to Yahoo:
Ten Big Companies That Are Veering Toward Bankruptcy


September 18, 2009


(Interesting phrasing in these two..)


.....


6. Goodyear

Demand for Goodyear tires has sunk, and the company is saddled with massive debt and pension obligations.

It doesn’t help that The United Steelworkers union prevents the company from proper cost control by forcing factories to stay open.

Shareholders have to wonder how much value will be left of the company after bondholders and the union members have their way.

MC/EV=53%

7. CBS

Weak advertising and falling license fees have sent CBS's earnings off a cliff in 2009.

If they remain depressed for too long, the company could have trouble refinancing $3.2 billion of debt coming due over the next five years.

It will really come down to whether or not CBS’s earnings collapse is merely cyclical, or the result of structural trend whereby traditional TV is dying.

As a business blog, we can't help but feel partly guilty here.

.....




A whole lot of changes are comin'.



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