15 Companies That Might Not Survive 2009
 

Who's next?

http://finance.yahoo.com/news/15-Com...-14279875.html

Interesting Article tells you which companies and why..

Interesting read.

Interesting, it says Chrysler might not survive 2009!

add 100 names to list

Interesting list. Blockbuster has been a long time coming

For you investment freaks::

Edward Altman came up with a scoring system that predicts bankruptcy for companies back in the 60s. It's called the Altman Z scoring system. it has better than 70% accuracy in predicting bankruptcy within 2 years. Every investment I make I run it through altman z.

Here are a few links.
Wiki. http://en.wikipedia.org/wiki/Z-Score..._Analysis_Tool
White paper. http://www.nysscpa.org/cpajournal/old/16641866.htm
Book. http://www.amazon.com/Bankruptcy-Cre...02811&sr= 8-4
calculator. http://www.creditguru.com/CalcAltZ.shtml

This site has the altman z score calculated.
http://www.advfn.com/p.php?pid=finan...ymbol=NYSE%3AM

A few warnings I've had to discover myself.

1. It is not designed to work on financials.
2. there are two versions. One for manufacturers, one for non.
3. If a company has a large finance arm (GE, CAT) you should subtract out the financial receivables from the assets
4. You should subtract out goodwill and intangibles from assets

I wonder how much the total job loss effect will be if all those companies do fail. Moreover, how many jobs will be lost due to the "multiplier effect" of the initial job losses.

if you add those up its like 350.000 jobs on less then 30 companies
not good at all

well thinking of it!!!!!!!!!!

Sirius has been such a shame. So much potential in this arena but they just can't seem to get things off the ground. First Sirius and XM kill each other by overpaying for talent as competitors and then have to wait well over a year to merge. What a mess.

Six Flags and Blockbuster are two others I will be watching closely. Interesting times we are living in.

did tube sites killed blockbuster.....(?)

OMG buy Krispy kreme we can't lose them!!

Never understood what the big deal about Krispy Kreme was. Yes the donuts are good but nothing that can kill the competitors who already have a market and clients that follow them day in and day out.
Krispy Kreme never had a unique product that makes them better then anyone else and with everyone going more healthy those fat filled donuts and nothing special.

oh well, how it goes

mininova, piratebay, torrentreactor, limeware, kazaa and others helped killing blockbuster....

I'm the most surprised about Station Casinos, especially with how popular their two newest and biggest casinos are. The same family owns UFC as well.

price decay in dvd sales (not rental) was a partial reason too.
If Warner/Disney/Paramount/Universal are blowing out their top dvds at 1$ to 5$, why would you rent a dvd still?
The cheap VOD on TV & the internet did most of the rest for rental stores.

Yep, when Sirius and XM were competing they overpaid for talent for sure. Stern is worth what they paid him because he brought with him millions of subscribers, but they paid people like Martha Stewart and Oprah and Jamie Foxx millions and I doubt they brought in many new subscribers and now they are stuck with those contracts.

seriously? you can't BEAT that fucking sugar waterfall!

dunkin donuts is ALL day old SHIT, krispy kreme is fresh off the donut conveyor belt!

any time I pass a krispy kreme with that light lit up, I stop and get a dozen

the issue with them though, is that everyone, but the south, is trying to be healthy, so that knocks sugar waterfalls and fried dough out of most diets

I just pillaged my local Rite Aid during their going out of business sale.

:thumbsup

That's a pity but we still gonna have the cars

Yep. When a new movie comes out on DVD many places will put it on sale for around $15. Blockbuster now charges $5 per rental. I know a lot of people who don't rent anymore, they just buy the movie. Also, they used to make a killing with late fees. When they got rid of that it had to hurt them.

fuck those companies i want my income to continue

They should set up something where you can download a movie for say 3 bucks and it will "expire" in 7 days or whatever from the download date. Dvd's can be ripped anyways so even if people make copies its not much different than what is going on now.

I'd say Netflix did :2 cents:

Yep - Netflix made the more convenient model and Blockbuster took absolutely forever to come out with their own version of it. Another instance of internet killing brick & mortar.

The one that amazes me on that list is Rite Aid. For a long time it seemed like almost every pharmacy around here was a Rite Aid, and Rite Aid's here are typically a lot bigger than CVS, so they just seemed to be doing pretty well. I guess Walmart entering the prescription market spelled bad news for pharmacies everywhere though.

All positive things on rental stores, just one was always negative; "late fees".
I hated those all the time

No, not sbarro!!!! :Oh crap

The drop in stock prices, is astounding.

Half of them used to be the darlings of the stock market. Crazy.

intersting info

I agree. I hated late fees. You were 10 minutes late getting a movie back and it cost you an extra days rental. I think that is what drove a lot of people to buy them. They figured if they rent it and are a day late taking it back it will cost them nearly the same as if they had bought it.

For sure. Now for about $9 a month you can get a movie a week (or maybe even more) delivered to your house and you can watch a ton of movies online. It is a pretty good bargain for movie lovers.

interesting for sure, there are big names included ... but why is there sirius, they have merged with xm already or not?

Who would have thunk

Very informative, thanks!

Yes and trading at .11 per share. The merger took forever and talent was over paid. Add to that the auto shake down with the economy they took a serious beating.

What's going to happen to the dealers and people that recently bought new Chrysler vehicles if they go under?

I almost bought a new Jeep Rubicon last year, now I am glad I didn't.

good question.. not sure :Oh crap

Well, that was fast.

CHICAGO (MarketWatch) -- Shares of Sirius XM Satellite Radio Inc. dropped 31% in morning trading Wednesday on reports that the company could be close to filing for bankruptcy protection.

The shares were down 3 cents at 8 cents. The stock traded in the $4 range two years ago.

Sirius XM is working with bankruptcy lawyer Mark Thompson of Simpson, Thatcher & Bartlett, and Joseph Bondi, a restructuring expert, to set up a Chapter 11 filing that could come in the next few days, the New York Times reported on its Web site Tuesday evening, citing an unnamed person it described as familiar with the situation.

Not really.... people are sick and tired of paying almost $6 to watch a movie for one night and then getting "late fee" charged to death because they were a couple days late... their whole business model was developed around late fees, and with that more or less gone, they have been on deathwatch ever since then. :2 cents:

Netflix totally killed Blockbuster. Even with the ability to rip movies online and buy DVDs for $10 or so a pop, Netflix continues to do great. Blockbuster fucked their customers for years so when another option came along, their customers jumped on it with a big FU.

I haven't been to a BlockBuster in years.

Another thing is that netflix has a lot more options than Blockbuster. I like a lot of independent movies and documentaries and things like that and Blockbuster just doesn't carry those.

Well said... Netflix even has the xbox 360 streaming now for 9$ unlimited streaming who would pay for blockbuster

I thought Sirius/ XM might make it. The combined company is a monopoly, right?

All they need is some capital, it would seem to be a reasonable investment.

Yes, the high cost of talent hurt them. Howard Stern is a great draw, but at some price he makes no sense. Maybe by paying Stern $500 million --they tried to grow too fast. Factor in the recession, when people are cutting back on non-essential services, and... kaboom.

aw man, the original article is gone. I wanted to see how it turned out.

http://money.usnews.com/money/blogs/...vive-2009.html

50 bankruptcies

HA! you could have become a millionaire today with a $50,000 investment on Sirius stock back then.