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> AMD has been teetering on the edge of bankruptcy for quite awhile now. It's unclear how much rope they have left. They have actually dug themselves out of th
by Tuna-Fish 10y ago
> AMD has been teetering on the edge of bankruptcy for quite awhile now. It's unclear how much rope they have left.
They have actually dug themselves out of that hole over the past two years or so. Their engineers are good, but their CFO is a wizard. Somehow he managed to take a company with bad short-term prospects and very questionable long-term ones that was up to it's eyeballs in very expensive short term debt and convert that into cheap long-term debt. Then once things started going better for them and the stock started going up, they have been turning their debt into equity pretty much as soon as possible.
AMD currently is in no risk of bankruptcy:
http://cdn.wccftech.com/wp-content/uploads/2016/10/AMD-CFO-Commentary-Slides-Q3-16-page-011-840x630.jpg http://cdn.wccftech.com/wp-content/uploads/2016/10/AMD-CFO-C...