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well? |
yes - 33.33%
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no - 33.33%
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I don't know - 33.33%
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Total Votes: 3 You may not vote on this poll.
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GM, Ford "On The Verge Of Bankruptcy," Altman Says
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- by Gold9472 On Jul 23, 2008 - 8:27 AM
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GM, Ford `On the Verge of Bankruptcy,' Altman Says
http://www.bloomberg.com/apps/news?...refer=worldwide
By Greg Miles and Caroline Salas
July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University's Stern School of Business.
"Both are in very serious shape and the markets reflect that," Altman, the creator of the Z-score mathematical formula that measures bankruptcy risk, said in an interview with Bloomberg Television. The model shows that these companies are "on the verge of bankruptcy," he said.
[Read More]
__________________
No One Knows Everything. Only Together May We Find The Truth JG

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