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Zombies: Ranks of world’s most debt-hobbled companies are soaring, and not all will survive

DrQ

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Zombies: Ranks of world’s most debt-hobbled companies are soaring, and not all will survive​


NEW YORK (AP) — They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.​
An Associated Press analysis found their numbers have soared to nearly 7,000 publicly traded companies around the world — 2,000 in the United States alone — whiplashed by years of piling up cheap debt followed by stubborn inflation that has pushed borrowing costs to decade highs.​
 

DrQ

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jp10558

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I love that a big part of at least some of these is the (to me) stupid stock buyback plans. It's another part of the insane focus on wall street rather than if a company is doing well or not. We need to stop worrying about stock prices and start worrying about being good widget makers etc.
 

ScoopKona

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I love that a big part of at least some of these is the (to me) stupid stock buyback plans. It's another part of the insane focus on wall street rather than if a company is doing well or not. We need to stop worrying about stock prices and start worrying about being good widget makers etc.

100% this. A company has value if it sells a product or service which in demand by an acceptably-large market.

Buybacks and other voodoo schemes trade long-term prosperity for immediate gratification. No different than the morbidly-obese chain smoker who gets liposuction to look good for a few weeks. No real health benefit -- just high costs for a fleeting illusion.
 

am1

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Why the world should have debtors prisons for the rich and poor. Would be amazing how fast people find the money to avoid being locked up.
 
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