Wednesday, October 17, 2012
Renault is Worthless.....a poverty stricken parent living off the assets of a celebrity child.
"Renault's 10.14 billion-euro market capitalization is more than 30 percent lower than the combined worth of its own holdings in Nissan and Volvo AB (VOLVb.ST)......"
A few years ago I was told that without NISSAN Renault would "die"...to have two sets of management is INSANE....
Having Renault lead the merger is like a poverty stricken parent living off the assets of a celebrity child.
Once you look at ALL of NISSAN debt - looking the debt that's NOT of the books due to creative "leases" & accounting IDB bond debt (6 billion in Tennessee alone -maybe it's on the books if so someone "show me" firstname.lastname@example.org) I was told once you look at the liabilities and NOW so much added future debt with the "over capacity creation.... BIG deals in Mexico, Brazil and other global locations... If they plan on actually paying back the governments and honoring their commitments to HUMANITY them NISSAN is virtually bankrupt... Again tell me if I'm wrong?