LSC Communications reported fourth quarter 2019 earnings on March 2, with more poor results and news that they are on temporary life support with lenders for the next few months while management tries to restructure their debt and find a way to continue operations. In non-technical terms, they are facing potential bankruptcy if they cannot renegotiate their loans or bring in fresh capital. Barely regarded as a going concern by capital markets before the disclosure, the company’s stock fell by more than half on the news, from 29 cents a share down to less than 13 cents a share. The […]
