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Old 1st Oct 2007, 19:39
  #103 (permalink)  
Re-Heat
 
Join Date: Dec 1999
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Zeke:

EADS is in an extremely poor financial position. Cash in the bank is offset by massive debts, a lack of ongoing currency hedges to protect their revenue against the falling dollar (a/c are sold in dollars), and numerous operational and unionisation issues.

EADS have €4.1bn cash (declining each time they report!), and earnings of €19m from €12.9bn revenue. Not so safe if you ask me.
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