David Sterman over at Street Authority writes this:
The key questions are: How big is the exposure? And how will profits in 2012 fare if Europe gets mired in a deep slump?
To help in that process, I’ve drawn up a list of American companies that count on Europe for a big chunk of sales and profits. This group, for example, gets more than 50% of annual sales from Europe.
There are many more companies with a heavy degree of European exposure. These firms, for example, derive between 40% and 50% of sales from Europe, and it’s unclear whether they will even make any money on their European operations in 2012.