Noble s carcass is stripped of all its meat.

(Bloomberg Gadfly) -- Noble Group's Carcass Is Being Stripped of All Its Meat: Gadfly While most of the fourth-quarter loss is water-under-the-bridge writedowns, the core company is still hemorrhaging cash. Operating income from its supply chains was about $25 million in the fourth quarter, Noble said Monday, That's roughly what the company expects to spend on trading and head office costs each quarter, with about the same going on interest payments. [Extracted from the article]