Westinghouse Electric Corporation (Wholly owned by CBS)reminds me of GM right before the bankruptcy. They apparently believe that branding and marketing are all that is important, and that any product can be inserted into the market as long as it has the trusted brand. Where does this leave Westinghouse now that they have negotiated financing for a product and a company that is bankrupt (CBD)?
There was a saying going around after the GM bankruptcy that car people were telling the suits,
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.