September 22nd, 2009, 06:44 AM
September 22nd, 2009, 01:19 PM
At any given time, there are probably several hundred good sized U.S. Companies that are a bad year or two away from bankruptcy. Every once in a while I go through the entire Value Line book and often wonder, with so much debt, how so many companies manage to continue in business. Quite a few companies are in the same shape as our Federal govt... they'd never be able to pay off their debt. GM was a good example. Ford too. Look at Ford's books, look at their debt and then look at their historical income... eventually Ford will go bankrupt too. There are a lot of companies out there like that.
September 22nd, 2009, 02:06 PM
This is of no surprise... All these companies have been hurting for years..
Goodyear is another great example of how the unions will force companies out of business..
AMD has lost money for years.. daaaaah, yeah they will go out of business and Intel will win the chip war at least until a new company comes along..
Macy's way over expanded and sells products that are so expensive that they just can't survive a prolonged down turn in the economy..
I am not sure why people would be surprised by this news.. I think it shows how little most Americans know about how companies really work.
Tall Timbers is right.. Ford is just a few more bad years from going under unless they get their union contracts under control, start building cars people actually want to buy, and start paying off their debt..
One good thing that might come out of the current economic environment is companies might expand much slower and finance it through on going operations and NOT borrow money to expand.
September 22nd, 2009, 02:26 PM