Tuesday, November 18, 2008

BearingPoint just got De-Listed from the NYSE

Wow, what did I miss over the last 2 years?  Apparently I was paying as much attention to the firm as senior management was.   

It's hard to bankrupt a consulting company. There's no fixed assets; you just keep firing people until your utilization comes into line.


KevinB said...

Mr. Ninja -

A quick review of the markets tells me that oil is trading at $50, Ford is nearly a penny stock, and the shorts are going to take Citi into an AIG-style gov't bailout. There will be many more BearingPoints in this market, including more of the blue-chips (death-watch on GM & C).

- Acctg Ninja

Anonymous said...

this company will probably file for chapter 11 very very soon.

Tuesday, November 18, 2008