Rolls Royce Plunges On Bombshell Profit Warning, Dividend Review; Faces “Near Death Experience”

Thursday, November 12, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/12/2015

You’d think that with balance sheets full of cash, record high stock prices, and a record low cost of capital, corporate management teams and their newly-minted billionaire executives could afford to splurge on a private jet or two, but apparently, the outlook isn’t looking good for 2016.

On Thursday, Rolls Royce delivered a stunner of a profit warning as new CEO Warren East said the company will take a hit of some $990 million on expected “sharply lower” sales of corporate jets along with headwinds facing the offshore oil market where the company’s customers use vessels powered by Rolls Royce engines.

The Rest…HERE

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