visteonstock

When is a profit not a profit? When it's the result of bankruptcy prevention measures, like Visteon's report of a $2 million profit during the first quarter of 2009. The auto supplier is reporting that each share earned two cents during the period, compared to a $105 million loss last year. The ...

Somehow, against all odds and analyst projections, auto parts supplier Visteon managed to make a $16 million interest payment on $450 million in bonds that mature in 2014. Just last week, Visteon shares hit 2 cents, forcing the New York Stock Exchange to delist the company. If the ailing supplier ...