15 Companies That Might Not Survive 2009

15 Companies That Might Not Survive 2009

finance.yahoo.com

Moody's Investors Service, for instance, predicts that the default rate on corporate bonds - which foretells bankruptcies - will be three times higher in 2009 than in 2008, and 15 times higher than in 2007. That could equate to 25 significant bankruptcies per month.

(visit the link for the full news article)

25 major companies possibly bankrupting per MONTH ?

Are we about to have a continental flea market here ?

The 15 most likely to fail first according to the article:

01) Rite Aid
02) Claire's Stores
03) Chrysler
04) Dollar thrifty automotive group
05) Realogy corp.
06) Station Casinoes
07) Loehmann's Capital Corp
08) Sbarro
09) Six flags
10) Blockbuster
11) Krispy Kreme
12) Landry's Restaurants
13) Sirius Satellite Radio
14) Trump Entertainment Resorts Holdings
*** In trump's case I think bankruptcy is part of his plan ***
15) BearingPoint



finance.yahoo.com
(visit the link for the full news article)

My wife works at Blockbusters. She heard just today that blockbuster was going to raise fees inorder to save them selves or shut down.

Originally posted by Ex_MislTech


25 major companies possibly bankrupting per MONTH ?

Are we about to have a continental flea market here ?

The 15 most likely to fail first according to the article:

01) Rite Aid
02) Claire's Stores
03) Chrysler
04) Dollar thrifty automotive group
05) Realogy corp.
06) Station Casinoes
07) Loehmann's Capital Corp
08) Sbarro
09) Six flags
10) Blockbuster
11) Krispy Kreme
12) Landry's Restaurants
13) Sirius Satellite Radio
14) Trump Entertainment Resorts Holdings
*** In trump's case I think bankruptcy is part of his plan ***
15) BearingPoint

01- too bad, thank god for wallgreens.
02- one less mall store for American teen girls to buy more Chineese made crap at.
03- They did it to themselves.
04- I have no clue what exactly they do.
05- read above statment.
06- one less gambeling establishment, oh well
07-read above statement.
08- food is horrible and overpriced.
09- overpriced, and overrated should have gone belly up long time ago.
10- $5.00 to rent a new release and they are going bankrupt? what
11- the only one I'd donate to if they took up a "save the doughnut" campagin.
12- never heard of them but sorry to hear about the misfortune.
13- Regular radio was just fine, cd's were just fine, the space that satalite now occupies was just fine, who the hell needs cable in their car?
14-Trump??? who cares really he can buy the entire world if he wanted to.
15- Bearingpoint? what the heck do they do? if it's make bearings then they need to seperate into the thousands of other bearing companies.

Well.... The only one on here that really gets me is Six Flags.. I should have gone there at least once in the last couple years.. We need entertainment.. During times like these we need that to keep us going... Anyways who cares bout Krispy Kreme.. They're donuts.. donuts..

reply to post by etombo


Doughnuts are a form of food, six flags is mindless entertainment, why not just Idunno ride a bike or go fishing, camping,hiking? why does it have to be lights and rides and games and shamuu and stuff?

It is not just that these are who may close, it is the jobs lost! I hate blockbusters, they ripped me off for a movie, claiming I didn't return it, and I will never go there again, but, I don't want all those struggling employees to loose their jobs!

Yeah I think i'm gonna go buy some donuts at Krispy Kreme before they go... those donuts are awesome.

Give them a bailout, it's worth it.

And Blockbuster going down is so absurd. 5$ for a location... but still, buying the rental copies is expansive, I remember Black Hawk Down was around 120$ for each copy, but it was one of the most expansive back in the day.

So for each copy of Black Hawk Down, they had to rent it 24 times before you made money off of it...

reply to post by space cadet


I'll go easy on this one. Shouldn't those "struggling" employees be able to obtain more gainfull employment then the local video store? If not then who's fault is that?

2 of the Blockbusters near me here in teh UK have shut down already, with DVD's being so cheap and people downloading off the net, I'm surprised they haven't gone under already. Whilst I'm against pirating and the 'criminal' aspects , I'm for it for the simple fact that you can get the latest movie without having to pay the robdog prices the shops charge , ok you usually get poor quality , with sometime a person in the audience walking past ( that adds to the laugh factor) but the quality is getting better..
Oh and I also predict that ( for us UK'ers) that Dixon's , curry's and possibly PC world close in 2009.
Currys shops ( and the brand in general) if you ever go in one , are looking rundown and grubby.
The staff don't help, I used to work for Dixons back in 87-89 and the attitude of the staff hasn't chnged in 20 years, they're still rude and lazy, preferring to gossip with each other than actually help customers.

Originally posted by alyosha1981
reply to post by space cadet

 

I'll go easy on this one. Shouldn't those "struggling" employees be able to obtain more gainfull employment then the local video store? If not then who's fault is that?

Well over a period of a few decades we went from a manufacturing
economy to a service economy.

We barely make anything here in the US.

If most of the services are optional, like fast food, then when the
times get real tough those businesses will collapse.

That will add more unemployed ppl that will not be able to spend
in the economy and thus it continues down.

It is a degenrative feedback loop.

layoffs -> less spending -> more layoffs

Shipping millions of jobs overseas and imoprting millions of cheap
visa workers under 60+ different visa designators was done by the ppl
we elected to help our country.

Instead these crooks voted 98-1 to double visa limits due to lobbyist
payola and parties right after the DOT COM bust.

We don't have a two party system, we have a masquerade.

I used to work in the tax software industry, we only have one location here for that service, it was great pay and benifits, but the company sold out, I figured that would happen when free tax filing began via internet. I have a clerical certificate and and NA certificate, both are over 20 years old now, I am not against going back to school and updating my education but I cannot afford it, also the time is a problem, I have to work. All of our industry is gone, we had several major plants here that employed over 2000, again good pay and benefits, but they have all gone to other countries now, I currently have a poor paying job, work 3rd shift, and look for other work reguarly, but it just isn't happening. I thought it might be my age or education, but I have much younger, college educated neices and nephews who are in the same pickle I am, working for lower wages just to keep a job to pay on the bills while looking and hoping for something else to come up. I have had some suggest I move to a more productive city, well, where is that? And how do I afford the expense of it? And I love my city, I don't want to leave here, I want to see my family, watch the children grow up, visit my parents graves and pay respect, visit my elderly kin, I cannot forget what is really important in life and move off to another city or state to make better money, I would rather be poor and live near my loved ones than lonely and wealthy in some strange town.

Why not have employees buy the companies and then some of them that have been
getting sidetracked MAY get on track with today's realities?

In Oregon Bi-Mart was bought by its employees and is surviving. A lot of the working
class shops there. I talked to an an alcohol distributor who said that he sells more alcohol there than at Wal-Mart. Bottoms up!

I used to boycott them when there were labor disputes, now I shop there although like a lot of places they have numerous made in China merchandise.

ESOPS are possible: employee stock option programs
www.nceo.org...

The National Center for Employee Ownership Site

What this country really needs is a MADE IN THE USA manufacturer of durable
long underwear (mine are tie dyed!). Creative minds will find a way to survive and thrive.

I used to work for Rite-Aid and glad I left that company. They should close all their stores and just keep the pharmacy. I rarely see more than a couple of people shopping at any one time (mostly elderly) that store won't be around for too long.

reply to post by Anonymous ATS

For me it is more about the big picture.

If this many companies collapse it will impact their suppliers,
and all those lay offs will flood the market.

The issue with this happening is the trickle down effect, or snowball
effect, or butterfly effect some like to call it.

Like a stone dropped in a pond the ripples will spread and make
matters worse for much more ppl than the initial group.

The U6 unemployment rate is it over 16%, and it is expected to
get worse this year.

The US losing world reserve currency status as being planned by
Russia and China will send the dollar into the toilet.

U.S. supermarket chain BI-Lo files for bankruptcy

Read it in the paper today at lunch. What is next? The day Wal-Mart goes belly up we are all in trouble. Is there no bottom to this hole?