This is the balance sheet highlights —
finance.yahoo.com/…
This is the income statement highlights —
finance.yahoo.com/…
I am not so sure they can survive the two lawsuits — and god knows there will be more coming — blood in the water — and their ratings are falling as we speak. I believe advertising is not going too well for them. And will get a hell of a lot worse — who the fuck wants their product featured on the “sedition channel” It is maybe MORE than two years pre-tax earnings trailing now. Ya know?? And is likely to get worse I think.
And they have debt issues in any event. Take a look. They start falling and credit lines will not be renewed — good guess. I sure would not be buying this stock!! 12 billion dollars in debt — Jesus Christ. Who is the genius that thought that kind of leverage on this this BS was a good idea??
Maybe it takes two years for those suits (and I am sure many others coming) to get real hot for them. But it is sure coming — and I personally expect them to be in a much weaker place as time goes on — the way it is now. They are the deep pockets really. They are sure the main target for monetary damages. Right?.
Just my humble opinion — but I sure think they are in deep shit. You look into those two suits — would you like to be them?? I think they are so fucked. They do NOT have the tangible assets to get thru this I think.
Proving again — everything Trump touches dies.
Lincoln Project posted this, which I think is maybe dead on—
“Watch our democracy survive not because of our politicians, but because of libel lawsuits.”
What an interesting time we live in.
This is all just my opinion. Ya know?