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ING Groep N.V. Message Board

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  • jpomper jpomper Jul 14, 2011 11:00 AM Flag

    They could announce bankruptcy any day now

    Hi int102,

    ever heard about what cashflow is? Who told you it is a single number?

    At a major bank like ING, where tens of billions flow thru daily, do you think you can take similar conclusions from cashflow like at a manufacturing company?

    To check ING cashflow,
    go to ing.com, investor relations, annual report 2010, page 93.
    This is actual cashflow statement.

    regards

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    • Jpomper,

      for 2010 is see minus 4,7 billion.

      <<At a major bank like ING, where tens of billions flow thru daily, do you think you can take similar conclusions from cashflow like at a manufacturing company?>>

      No I don't think so. They sure need to swing big hammers those banks - the problem is that the nails are too small for their sledgehammers. By the way, I think ING is a healthy bank in a unhealthy financial climate. It all started in 1986, see Big Time Peter Gabriel and the chart of the SP500 since then. GL.

 
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