RE:RE:RE:RE:RE:Buy out or bankrupt?First I did not say COS is going bankrupt, the writter suggested that.But many companies go under in good times never mind bad times.If the Saudis want sub $40 oil then COS is in trouble no mater what any one can say.
Eatons was the largest retailer in Canada and was never thought in its 100+yr history to ever go bankrupt but it did.No one thought GM would go bankrupt but I seen it in its balance sheet 3 yrs before it did. I told some frieands to sell their GM @ $35 and they told me I was crazy.They lost their entire investment.
To say the current oil price will not cause bankrupty in some cases is to hide your head in the sand.COS is not hedge so the current oil price is very important to its life line.I want COS to make it but now question if the Saudis will let oil go lower...COS having no hedges is wise in a rising price but can bring death in a falling price.The real question is how long will oil say this low and who dies in the mean time?
I want COS to survive but no longer see it as assured.