In this Daily Finance Article the writer after many hours of research done on all of these companies has determined that all or most of them will be going under in the foreseeable future. Some of them are newcomers to the scene and some have been in business for decades but the sentiment and emotions are the same for all. What is it you ask? Nobody or at least very few people want to be their customers. That is by all means the only reason that a company is established. A company can have a year or two of operational cashflow reserves, but after that point then chapter 11 or 7 follows.
Daily Finance Bankruptcy List:
-AVON
-Metro PCS
-Oakland Raiders might become LA Raiders
-Salon Website
-Suzuki Motor Co.
-Pacific Sun Website
-RIM aka Blackberry
-Current TV Channel
-Talbots Retail Stores
-American Airlines
-JC Penny
All of these might go under and I would not invest in any of these right now. In addition to the list provided by daily finance I will make a prediction that in 3 years a few companies I will mention below will also go under. The list below is my guess by seeing a shift in consumer spending, agressive competition and just my own feelings based on the brands current marketing failures. All of the predictions above and below are based only in the U.S. consumer market space.
My Bankruptcy prediction of Companies:
-Best Buy
-Sprint
-Mitsubishi Motors
-Panasonic
-Nokia
-Sears
-A&P Supermarkets
Well their you have it, how do you feel both lists compare and do you support any of these companies, let us know. Also comment if you agree or disagree with both lists. In any event it is just to risky to buy any stocks or bonds from these companies in the future. If things turn around for them I will be the first to admit I was wrong but do not bet on me as my track record has been pretty good in predicitng companies from going under. Also Check out the bankruptcy rate in the U.S. from 2006 to 2008 how suprised are you now that you see the numbers of people applying. I think it is sad and unfortunate. So many problems arise from bankruptcy that you do not need the headache, unless it is a last resort and only option.
*Update the graph above states 4 thousand people daily filings.
Watch your Money!