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Bail Out of DAL Before the Stock Crashes

Friday, May 18th, 2012 DAL_EEvEPS

I recommend investors avoid Delta Airlines (DAL). I think the stock could see significant downward pressure as more investors realize how the company is propping up its earnings with relatively aggressive accounting for its pension and postretirement plan (“pensions”), which are already seriously underfunded.

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Eastman Kodak (EK) Will Go Bankrupt

Thursday, January 5th, 2012 Eastman Kodak (EK) Will Go Bankrupt

After accounting for its underfunded retirement obligations, Eastman Kodak’s net market value is about -$3.50 per share.

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Dead Company Walking: Sell Eastman Kodak (EK)

Tuesday, March 22nd, 2011 Dead Company Walking: Sell Eastman Kodak (EK)

What I bet very few people, outside the company itself, know is that EK’s pension liabilities could torpedo the company into bankruptcy and send the stock to significantly lower levels. In the company’s recently published 10K, we found that EK’s pension obligations are underfunded by $2.6 billion, about 3 times the company’s market value.

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