They will earn $3.50 for y13, which means they will earn $7 to $8 Billion , with $4 to $6 Billion in cash flow, with revenue of $120 billion. Does that sound like a company going under? I know shorts are in control... Value trap, ive heard it all. But dang this looks pretty cheap to me...
Net 20 Billion Debt, Negative Rev Growth, Negative Profit Margins. Only hope is a buyout otherwise heading for restructuring of the common stock and debt is the way it looks right now. Things could change for the better in a few years.
Yes...things are THAT bad.
That earnings call is an optimistic call by management in useless effort to prop up the stock.
Nothing more, nothing less.
They are going to take multi billions in writedowns with the downsizing.
Sentiment: Strong Sell