According to MacroAxis, the Probability Of Bankruptcy Analysis for CGG is 51%.
This is the link:
https://www.macroaxis.com/invest/ratio/CGG--Probability-Of-Bankruptcy
It is like flipping a coin.
4 replies (most recent on top)
They will go bankrupt if they don't start really hacking the ridiculous layers of Management and Duplicity they have in the Company. There is still no sign of them doing that, with the mainly French Management protecting their French Colleagues.
CGG will announce its third quarter 2018 results on Wednesday November 7th.
I don't think CGG is under the threat of bankruptcy. Any company threaten by bankruptcy usually shows some of the following signs:
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Revenue decreasing and it is struggling to be profitable
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High interest payments & default on bills
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Margins are slipping
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Shortage of cash flow
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Poor management
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High interest pay
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Poor quality of products and services
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Sales are stagnant or decreasing
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Major contacts coming to an end and backlog declining
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Market share losses
Luckily, none of the above signs applied to CGG.
CGG has 100% chance of being bankrupt - it happened last year and now it is working to return to solvency. It's not like 'flipping a coin', it's like looking at a coin that's already landed.