Zoombies or zoombie companies

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I came across this term yesterday.

You may search the Twitter (aka X) for more tweets on the topic.

And this made me to think two small stock positions I have and I may have talked about them in my blog posts too: LEG (Legget and Platt) and SCS (Steelcase). I just did a bit more search and reading.

Zombies: Financial Term for Distressed Companies

Credit ratings

SCS – Ba2 Moody’s: this is speculative

LEG – Fitch BBB– : this is the lowest among investor grade

Interestingly enough, my gut feeling matches the two companies ratings (at least in relative terms)

Explanation and comparison of ratings

Corporate credit ratings: a quick guide 

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