15 companies that may not survive 2009
With consumers shutting their wallets and corporate revenues plunging, the business landscape may start to resemble a graveyard in 2009. Household names like Circuit City and Linens 'n Things have already perished. And chances are, those bankruptcies were just an early warning sign of a much broader epidemic.
Rite Aid. (Ticker symbol: RAD; about 100,000 employees; 1-year stock-price decline: 92%).
Claire's Stores. (Privately owned; about 18,000 employees.)
Chrysler. (Privately owned; about 55,000 employees)
Dollar Thrifty Automotive Group. (DTG; about 7,000 employees; stock down 95%
Realogy Corp. (Privately owned; about 13,000 employees)
Station Casinos. (Privately owned, about 14,000 employees)Loehmann's Capital Corp. (Privately owned; about 1,500 employees)
Sbarro. (Privately owned; about 5,500 employees)
Six Flags. (SIX; about 30,000 employees; stock down 84%).
Blockbuster. (BBI; about 60,000 employees; stock down 57%).
Krispy Kreme. (KKD; about 4,000 employees; stock down 50%)Landry's Restaurants. (LNY; about 17,000 employees; stock down 66%).
Sirius Satellite Radio. (SIRI - parent company; about 1,000 employees; stock down 96%).
Trump Entertainment Resorts Holdings. (TRMP; about 9,500 employees; stock down 94%).
BearingPoint. (BGPT; about 16,000 employees; stock down 21%)
http://finance.yahoo.com/news/15-Companies-That-Might-Not-usnews-14279875.html
While I think the world can likely live without these companies (except maybe Krispy Kremes-buy em while you can!), that's a whole lot of people that could lose their jobs.
Rite Aid. (Ticker symbol: RAD; about 100,000 employees; 1-year stock-price decline: 92%).
Claire's Stores. (Privately owned; about 18,000 employees.)
Chrysler. (Privately owned; about 55,000 employees)
Dollar Thrifty Automotive Group. (DTG; about 7,000 employees; stock down 95%
Realogy Corp. (Privately owned; about 13,000 employees)
Station Casinos. (Privately owned, about 14,000 employees)Loehmann's Capital Corp. (Privately owned; about 1,500 employees)
Sbarro. (Privately owned; about 5,500 employees)
Six Flags. (SIX; about 30,000 employees; stock down 84%).
Blockbuster. (BBI; about 60,000 employees; stock down 57%).
Krispy Kreme. (KKD; about 4,000 employees; stock down 50%)Landry's Restaurants. (LNY; about 17,000 employees; stock down 66%).
Sirius Satellite Radio. (SIRI - parent company; about 1,000 employees; stock down 96%).
Trump Entertainment Resorts Holdings. (TRMP; about 9,500 employees; stock down 94%).
BearingPoint. (BGPT; about 16,000 employees; stock down 21%)
http://finance.yahoo.com/news/15-Companies-That-Might-Not-usnews-14279875.html
While I think the world can likely live without these companies (except maybe Krispy Kremes-buy em while you can!), that's a whole lot of people that could lose their jobs.