If the share price moves below 40, EMR will have trouble getting any type loan. Many of these corporations will have to re-capitalize like the banks if they lose much more in share pirce value. Alot of people will argue but this is plain fact. IR was unable to find anyone that could gain access to funding in a 750 million total value deal, final deal came to 370 mil for 60% and IR remained holding 40%. One thing is certain, IR realized the need for cash and this may allow them enough time for some type of economic recovery.
EMR true book value today is ZERO OR NEGATIVE!!
The unstable foriegn currencies with U.S. troubles could monkey wrench these executive thiefs and destroy what should have remained a perfectly strong corporation. EMR CEO and BOD have made alot of mistakes. Look for them to blame others!!!
I am a wall street gangster of stocks. I paint the true picture of a corporations financials, I am in no way associated with a stock, I would totally stay away from any stock if that were the case. Many of these corporations were strong but have been milked dry on paper. No financing or capital is available to these corporations.
When I see Cramer state on cnbc that the corporate Balance Sheets are strong, I realize that he is a paid propagandis, Balance Sheets have never look so bad.