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Started By
Message
re: U.S. aluminum/steel shutting down
Posted on 8/11/22 at 8:12 am to Mingo Was His NameO
Posted on 8/11/22 at 8:12 am to Mingo Was His NameO
quote:
Eh, if one of your most consumed inputs triples you weren't really running that lean.
Go look at their financial statements the last 10 years. If you know how to read them. They have been lucky to survive this long. Shitty management. Their debt service coverage was almost negative. The bond yields we're 7 percent on 5 years in the lowest interest rate environment in the history of US business.
1
Posted on 8/11/22 at 8:54 am to Abstract Queso Dip
quote:
Go look at their financial statements the last 10 years. If you know how to read them. They have been lucky to survive this long. Shitty management. Their debt service coverage was almost negative. The bond yields we're 7 percent on 5 years in the lowest interest rate environment in the history of US business.
Sounds like you know, so instead of researching I'll just ask, can they not restructure through bankruptcy or another avenue? Just closing up shop seems to be a pretty drastic move
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