Posted on 11/29/2011 2:04:17 PM PST by Lazlo in PA
Austerity, slowing growth, and the threat of sovereign default pose major risks to companies and countries with significant exposure to Europe.
S&P 500 companies derive 14 percent of sales and 18 percent of profits from Europe, according to a report by Bank of America. The staff at Business Insider put together a list of 15 companies with the most sales exposure to Europe.
The majority of this exposure is in core Europe, with tech being particularly volatile.
(Excerpt) Read more at theblaze.com ...
It depends on what you mean by ‘collapse’. Do they really think Europeans will stop eating, smoking, and drinking soda pop?
If the stocks go down, I would buy them.
They couldn't find anybody to supply such a basic product in Europe in August. The few companies which were operating then were booked solid with existing customers because everybody goes on vacation then and nobody wants to work.
We ended up sending them a pallet of cardboard boxes by air freight. I kid you not!
Interesting comments at the site.
Only 15?
The list:
15. AON Corp
14. McDonalds Corp.
13. Gilead Sciences Inc.
12. Dentsply International Inc.
11. Autodesk Inc.
10. Western Union Co.
9. Philip Morris International Inc.
8. Owens-Illinois Inc.
7. Accenture PLC
6. Priceline.com Inc.
5. Sigma-Aldrich Corp.
4. XL Capital Ltd.
3. Harman International Industries
2. First Solar Inc.
1. Coca-Cola Enterprises Inc
How did they miss IBM?
Or Ford?
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