To: Dan3 who wrote (262133 ) 10/23/2009 10:10:28 PM From: Mahmoud Mohammed Read Replies (3) | Respond to of 275872 Mr Dan, Re: "Delete - Duplicate" Some more excerpts ... Can you spot where AMD annual losses, "mis-steps", and poor management are listed? -->The Worst-Run Companies of 2009 "While not all the companies on my list suffer from all of the following problems, they meet at least one or more of these negative characteristics, making them lousy investments and potentially excellent short sales. 1. Poor financial condition: Heavy debt loads, large amounts of goodwill and poor cash flow are common among poorly run companies. As a result, their balance sheets are in lousy shape. The inability to shore up balance sheets could spell further danger in the future. 2. "Second banana syndrome": Some of the companies on my list are not what would you refer to as "best of breed." Most of them are in an industry or sector that has at least one more-dominant competitor. After all, why swill beer when you can sip champagne? 3. Ineffective management: Successful companies will have management teams that not only innovate but also can perform during times of stress. In fact, innovation does not simply mean introducing a single "cool" product, as Sharper Image did with the Ionic Breeze Air Purifier. Effective innovation and management are about being able to transform a company into a provider of a well-balanced and diversified line of products. 4. Strategic mistakes: This can take many forms. One of the most damaging mistakes is a large acquisition that turns out to be costly. Take Washington Mutual, for example. The company acquired Providian, a subprime-type credit card issuer, for $6.5 billion in 2006." Mahmoud