General Cable Corporation – $BGC – Confident Investor Rating: Poor

Company name General Cable Corporation
Stock ticker BGC
Live stock price [stckqut]BGC[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance:

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.

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