Listed companies going bankrupt due to Corona?

The first one that comes to mind is Digitalist Group, which doesn’t have its own thread on the forum. I myself once fell for Ixonox’s comeback, but I quickly sold my stake in the company at a small loss. Digitalist will probably go bankrupt in the next few years unless the Ehrnrooths continue to capitalize it as they have in the past.

Which other listed companies might go belly up?

  • Valoe, Savo Solar, Componenta, etc.
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Indeed, this thread could be used to share such views. However, let’s try to stick to companies that go bankrupt specifically due to the coronavirus. For example, if Valoe goes under, the coronavirus cannot be said to have anything to do with it other than a temporal correlation.

That particular case will likely stay afloat longer because the coronavirus forces it to stop burning money, and the company gets some easy lifelines in the form of coronavirus support. The same applies to Savo Solar as well.


Valoe’s Key Figures

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Loudspring, Srv… Even companies with the weakest balance sheets and cash flows can survive if the main owner is behind them. For example, Glaston and AC as owners. Finnair and the state.

Is there an easy way to see which Helsinki companies are the most indebted? In these times, it’s not very pleasant if the debt burden is already heavy.

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On what grounds would Glaston go bust?

Read again. :blush: Contrary examples because of the owner.

This is now a bit of a gray area for this thread’s title, as it goes directly into licensed activities, namely investment advice and recommendations, tut tut :slight_smile:

However, Uncle must pull an ace out of his sleeve, Kummeli-style, at this point and say that zero OMXH companies will go bankrupt!!!

Why?? Because the state and Katri K. will save them :woman_superhero: :woman_superhero: :woman_superhero:

Uncle Masse, FA, only views and opinions on offer :male_detective:

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I wasn’t sure which thread to link this story to… but maybe it fits here. So, a company should be careful not to buy back its own shares with all its cash reserves. It’s good to keep this in mind for situations like these (hopefully temporary).

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Boeing will get some kind of bailout package, or has already gotten one. CNBC reported a couple of weeks ago how BA’s balance sheet is in the red and is now on the state’s dime. In a way, close to bankruptcy, but still very far from it.

Bernie Sanders has criticized share buybacks, maybe he’s right about Boeing. The link is worth checking out, it’s absolutely horrible, several quarters where buybacks have been $2-3 billion and now they’re completely F’d.

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