|Company name||General Cable Corporation|
|Live stock price||[stckqut]BGC[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=bgc
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company additionally engages in the design, integration, and installation on a turn-key basis for products, such as high and extra-high voltage terrestrial and submarine systems. The Company operates in three segments: America, Europe and Mediterranean, and Rest of World (ROW). On December 3, 2012, the Company completed the acquisition of the Chinese business of Alcan Cable. On November 2, 2012, the Company acquired Prestolite Wire, LLC. On October 1, 2012, the Company acquired 60% of Productora de Cables Procables S.A.S. On September 4, 2012, the Company completed the acquisition of the North American business of Alcan Cable North America.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in General Cable Corporation. It is not possible to confidently invest in a company that is not currently profitable.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.