bsharvy

Retail Firms at Risk for Bankruptcy

This article just repeats another article that was "published" last week. Sometimes I wonder what the SA editors do.

The list appear to be nothing but the results of a screener. It's really kind of silly to treat screener results as news.

A few days after this list, which includes MYL, was published, S&P boosted its rating of MYL:

"NEW YORK (AP) -- Standard & Poor's Ratings Services upgraded ratings on Mylan Inc., citing the drug developer's move to repay debt and improved margins.

S&P boosted its corporate credit rating on the Canonsburg, Pa.-based company to "BB" from "BB-." S&P also raised the senior secured rating to "BB+" from "BB," both of which are non-investment grade. The senior unsecured rating was raised to "BB-," from "B+." Also, the preferred stock rating moved up to "B" from "B-." All of the ratings are non-investment grade.

S&P said the outlook for the company is stable, based on improving operating performance that will likely be sustained.

"The upgrade of Mylan reflects its improved operating performance over the past year, success in integrating the Merck KGaA's generic business, significant reduction in leverage, and strong liquidity,"

20 Companies Most Likely to Go Bankrupt in Next Year

Ah, here's the source, that actually provides some vestige of reasoning:

finance.yahoo.com/tech...

They are just dividing the market cap by enterprise value. A stupid indicator of bankruptcy, since it doesn't even consider cash flow...

I thought seekingalpha had editors. What's the point of republishing something that is 1) simplistic and dumb, and 2) Yahoo has already published with more detail?

20 Companies Most Likely to Go Bankrupt in Next Year

Why was this article even published? It offers no analysis, no interesting facts...nothing but an assertion by some entity named "Audit Integrity." It's hard to see how Mylan could be anywhere near bankruptcy. It's current ratio is good, its free cash flow is good, its expected earnings are good. Is there any way to respond to this article other than just contradicting it?