SubscribeAll Posts Tagged With: "companies going to chapter 11"
The Closest Thing to REAL Free Money You’ll See This Year
OK… the list I told you about…
It’s the dozen highly indebted companies I shared with readers of my investment advisory in December. I call these companies "Debt Traps."
In every case, the firm’s debt exceeds the value of its equity. Many of them won’t earn enough money this year to pay the interest on their debt. Without additional credit at low interest rates (which, as I explained yesterday, they won’t get), these firms are heading toward a bankruptcy filing in 2009 or 2010.
Below, you’ll see the name of the company, the amount of income it made from operations in 2007,…
13Mar2009 | Stansberry and Associates | 0 comments | Continued
Loading ...
