With the Times Mothership listing badly, cash flow deteriorating and debt rising, the threat of Chapter 11 is looming far beyond Morrissey Boulevard in Dorchester, all the way to the gleaming, Renzo Piano megalith on Eighth Avenue.
Despite strong growth in net income, operating cash flow deteriorated sharply in the first half of the year.
For Glu, the Swift partnership is a big win for the struggling gaming company which has been facing deteriorating net income, weak operating cash flow, and disappointing stock performance, as noted by The Street.
In other research, he has delved into the obstacles corporations encounter obtaining loans, even for potentially profitable investments, when their cash flow deteriorates.
"I was amazed they were able to do that $250 million placement, because if you read the financials, the cash flow was already deteriorating," said Debra Downie, an analyst at Miller Tabak Roberts Securities, a bond dealer in New York.
"[CCE's] actual balance sheet and cash flow statement is deteriorating, and that's the biggest concern," says Levy.
DaimlerChrysler A.G. told analysts today that its cash flow situation had deteriorated in recent months, with its industrial net cash reserves dropping to zero in the fourth quarter.
The Street credits this to deteriorating net income, disappointing return on equity, and weak operating cash flow.
Faced with such difficult markets, firms in many industries are likely to see sales fall, bad debts soar and cash flows deteriorate sharply if they have not done so already.
