Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
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https://www.bloomberg.com/news/articles/2019-01-16/latest-china-bond-default-puts-spotlight-on-financial-reporting
Here is a bloomberg article that highlights the problem with many foreign companies - there is little protection for investors on reporting of financial results. Companies that report they have 15-25 times the amount of cash on hand versus short term debt needed to pay suddenly have gone bankrupt.
Here is a bloomberg article that highlights the problem with many foreign companies - there is little protection for investors on reporting of financial results. Companies that report they have 15-25 times the amount of cash on hand versus short term debt needed to pay suddenly have gone bankrupt.