iv2044 wrote:
Analysts warned that the bankruptcy could add to the uncertainty around loans for the nation's small businesses, especially retailers, which make up a significant portion of CIT's clients and are already struggling with tight credit markets.
CIT is the financier for about 2,000 vendors that supply merchandise to more than 300,000 stores, many of which are gearing up for the critical holiday shopping season. They rely on the lender to cover costs ranging from paying for orders to making payroll...(恕刪)
注意看這一段,這是美國最大的小型企業貸款銀行,小型企業沒錢貸款在購物季,
接著他們就沒錢請人和進貨,這會造成失業率增加,雖然不是花旗,其影響力可能也不小...
所以明天可能美股要澇賽了... 美股要是澇賽,台股可能也不會很好看... (隨便猜測,自行判斷)
對於上市櫃公司發行的CB,官方可能宣佈年底後恢復禁止「借新還舊」。
至於目前國內公司發行CB概況如何,根據統計,從即日起至今年底,CB將到期、且金額在5億元以上,總計有七家公司,金額由高至低依序為鴻海、華碩、華上光電(6289)、合晶(6182)、及成(3095)、創見資訊(2451)與台半(5425)等。
這七家公司的CB金額為255.36億元。
上面這則新聞會加快台股11月的整理嗎???
iv2044 wrote:
花旗申請破產保護,但台灣這邊好像沒有相關新聞,有人知道怎麼一回事嗎?
被標題嚇了一跳
原來是烏龍一場
百年老店撐不住 美放款集團CIT聲請破產保護
不過,粗體字的部分是不是說份量跟影響同樣巨大?
Who is CIT GROUP INC , And why should I care ? $2 Billion 333 Million from Uncle Sam and still on the brink of bankruptsy
News Type: Event — Sat Jul 25, 2009 12:58 AM EDT
We keep hearing about a company called CIT Group inc. Unless you own a large commercial concern, lease heavy equipment, or factor your inventory, you most likely are unfamiliar with this financial giant.
In passing, most readers assume that CIT is part of Citi financial. No, not the same monster, but a monster just the same.
CIT Group was founded in 1908. They are a financial institution that specializes in greasing the wheels of heavy industry, Railroad, Trucking, Heavy construction, and Airlines, all depend on Cit for commercial loans and leasing.
Large retailers and manufacturers utilize CIT for inventory and contract factoring. For those that do not know, factoring provides capital liquidity for industry, as well as distribution and contract sales. Companies like CIT, also provide the underlying contracts for short term leasing of everything from Lear jets, to Rail Road locomotives. CIT controls close to 60 Billion in long term debt. These loans outstanding are under performing.
With an average yearly sales volume of 16 Billion dollars , 5,000 employees, as well as business agreements in 50 nations, CIT, the company that you probably never knew existed, is a big mover and shaker in the world of commercial finance.
CIT is not doing very well. On 2008 revenues of 11.5 billion or so, Cit is showing a loss of 2.7 Billion. Well, that's not as bad as A.I.G, or Citi, pre bail out, but it is rather dismal. Of course the cause of this corporate loss is the down trodden global economy.
It is projected by most economist that the commercial sector is the next victim of a dismal international economy.
Airlines, heavy equipment and trucking have taken a huge hit, and commercial leases are defaulting at rates unseen in recent decades.. Not good right? The cause of CIT'S Citi performance? it's access to fresh capital has dried up. Investors have tightened the noose around CIT's corporate neck. Here's why.
A combination of Lease defaults, cancelled heavy equipment orders, as well as transportation cut backs , have resulted in negative performance returns for CIT. This has caused a once solid $13 stock to drop all the way down to .13. That's 13 cents. Current economic news, as well as bad news on the street, has driving this 100 year old cornerstone financial into a penny stock. It is no longer traded on the big board.
What happens when your corporate stock drops from $13. to today's settled price of .75 ? Your company is devalued, You can no longer borrow money. And that of course is why CIT became a Bank holding company, late in 2008.
That's right, CIT, the company that you most likely have never heard of is now on the Bank welfare rolls of the U.S treasury.
Too big to fail? Doubt it, we don't even know this Goliath.
On the last day of December 2008, CIT Group accepted $2,333,000,000. from the U.S. Treasury. We the people received preferred stock for the $.'s At that time, CIT stock was trading on the big board for $ 2.50 per common share. After the cash infusion, the stock went to $4.50. So far so good.
Over the next six months,The stock sank as low as .13 cents. Our shares had lost no less than 94%. To say the least, CIT, suspended it's dividend for the first 3 quarters of 2009.
The stock has seen .75 cents. That is were it landed at end of trading on Friday the 24th.
In an attempt to stave off bankruptcy, CIT presented a bond offering of 3 billion dollars to it's investors. I billion remain on the float. Hard to say what the future will bring for this once solid cornerstone of commercial lease/finance.
Another wise investment by the people that brought you the A.I.G. Bail out. Your Government at work.
To big to fail ? I don't think so.
R.Max
關閉廣告