https://i.postimg.cc/7ZMTzXqS/image.jpgSource: https://twitter.com/VailshireCap/status/1562088950306443264 or https://nitter.it/VailshireCap/status/1562088950306443264
See, the problem is that all definitions of "zombie company" are a line in the sand. There is no objective measurement to objectively measure this.
Some of the biggest, most profitable tech companies of the world were overlevareged, small fast growing tech companies just a few decades ago.
Liquidation of unproductive firms is one of the most important parts of the market cycle. These companies are living on borrowed time.
A reply (quote Tweet) by Greg Foss:
https://twitter.com/FossGregfoss/status/1562119490896289792 https://nitter.it/FossGregfoss/status/1562119490896289792