Replies to post #7010 on Visteon Corporation (VC)

[A_Few_Dollars_More]

Adjusted EBITDA of $166 million, up $93 million from second quarter 2009.

* Product sales of $1.89 billion, up 27 percent from second quarter 2009
* Adjusted EBITDA of $166 million, up $93 million from second quarter 2009
* Cash generated by operating activities of $133 million, a $93 million year-over-year improvement
* Free cash flow of $92 million, up $85 million from second quarter 2009
* Cash balances of nearly $1.2 BILLION!!!

Greedy, yes, bankrupt no.

[Gileon7]

They aren't real losses for the quarter, not true operating losses anyway. They are basically saved up expenses and sales being left off the books for June, I'm sure July will be very robust. This was done to make the quarter look bad. They wrote off all possible interest and benefit charges.

The benefits will not be paid because as soon as the come out of bk they will cancel the benefits. The ruling on the benefit reinstatement was only for bankruptcy, the contract says they can cancel the benefits.

The interest may or may not be paid also.

The trouble stems from the claim that the shareholders voted for the POR. That would mean they have no one to argue against them. If this is true then their "friends" bought up a ton of shares, add those shares to the ones owned by the AHEC, whose votes they bought with 145,000 shares of new (discounted I'm sure) and $4.25 million.

[jay1000]

Details of the loss
"Net loss of $201 million, including charges of $197 million for post-petition interest expense and certain post-retirement employee benefits ..."
($197 million for "post-petition interest expense").....?
I don't quite understand that.

Their operating results seem very good ....