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  • Spansion: Trouble on the Balance Sheet  [View article]
    Another thing to think about: right now analyst estimates for FY 2009 range from a loss of $1.70 to 0.60/share. Analysts are, of course, wrong sometimes, but when a company has as poor of a balance sheet as SPSN and even the most optimistic of analysts believes they will continue seeing loses for at least another 12-18 months, that doesn't exactly scream out "BUY BUY BUY" to me. Sure, they'll have some cash flows and that will certainly help, but will it be enough? Are they going to go to 65-70% debt, have a few profitable quarters and then need to "upgrade" again in order to compete? Given the history of the industry, that would not seem like a bad prognostication.
    Jul 30 20:16 pm |Rating: 0 0
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