i was doing some research on tire companies due to the other thread, I ran into this info.

the other thread: https://www.cadillacforum.com/forum/...ead.php?t=9671

---------------------------------

Is bankruptcy in the horizon ? Hertz Textron Sprint Macy's Mylan Goodyear CBS


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


Ranked by Market to Value ratio


1. Hertz
Tons of debt, a large fleet of cars, falling rental demand.

2. Textron
Selling business jets? Textron wrote down $2.3 billion backlog, canceled a new jet design, demand for its other aircraft-related offerings has plummeted. Company’s pushed back debt maturities, deteriorating credit quality.

3. Sprint Nextel
Sprint Nextel is losing customers, and could lose as many as 4.4 million post-paid subscribers this year. Large amounts of maturing debt over the next few years.


4. Macy's
Store sales keep falling, $2.4 billion of maturing debt over the next five years, trying to cut costs, reduced its dividend.


5. Mylan
Empire building Mylan overpaid big time when it bought Merck’s generic business back in 2007 and is now stuck with $5 billion of long-term debt as a result. From 2007 – 2008, the company lost over $1.3 billion very much due to goodwill write-downs.

6. Goodyear
Demand for Goodyear tires has dropped, massive debt, massive pension obligations. The United Steelworkers union prevents the company from proper cost control by forcing factories to stay open.

7. CBS
Weak advertising, falling license fees have sent earnings off a cliff. Huge $3.2 billion of debt coming due over the next five years. Earnings collapse could be cyclical, or could be the result of traditional TV dying.




.