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CBS Corporation Message Board

  • techy246 techy246 Mar 9, 2009 4:29 PM Flag

    How can this company go bankrupt?

    thats what the market is pricing right now (particularly the option market, strike 2.50 puts of jan 2011 is selling for $1).

    this company has revenue of more than 13 billion, can they not simply cut cost by 5%?

    it had profit of > $1 billion, can they not earn at least $500 million??

    it does have around 7 billion in debt, is this the biggest reason this stock is getting punished??

    does some one has insight as to what is happening? i cannot find any information anywhere.

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