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02-09-2009, 10:31 AM
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Member
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Join Date: Mar 2008
Location: Las Vegas NV
40 posts, read 29,481 times
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15 Companies That Should Not Survive 2009
In the article, it shows indicators for various companies cosisting of very low stock prices as they are now, the lack of operating income and/or loans, and their competition that have more of the market share pie. Too many companies are too deep in the red and won't be able to make it, plain and simple. I expect these companies assets to be divested and sold in pieces. Here's the newest list.
15 Companies That Might Not Survive 2009 - Yahoo! Finance
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02-09-2009, 10:43 AM
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Senior Member
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Join Date: Jan 2007
Location: Londonderry, NH
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Ouch! Hard times a commin'.
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02-09-2009, 11:14 AM
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Moderator
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Join Date: Mar 2008
Location: Houston, TX
4,148 posts, read 1,503,789 times
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I saw the list and expect at least half will go under as they are specialized in 'non-necessity' items. I would expect a larger number of boutique/niche type shops will drop as well. Unfortunately unless you are excellent in goods/services in a specialty market, these are extremely tough times. The bigger companies that have many avenues to depend on may be the survivors.
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02-09-2009, 11:23 AM
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I live in NC but my heart is in Alaska
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Join Date: Jan 2008
Location: Alaska, where women win the Iditarod and men mush poodles!
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Fortunoff just declared bankruptcy as well.
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02-09-2009, 11:23 AM
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Senior Member
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Join Date: Jun 2008
1,380 posts, read 415,169 times
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Cannot really argue with the list. I think Bearing Point are already on life-support so i suspect they could be the first to go.
I also think we will see industry consolidation similar to what we have seen in financial services as stronger players snap up their weaker competitors. Look for that to happen in semi-conductors and in technology.
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02-09-2009, 11:53 AM
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Senior Member
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Join Date: Mar 2007
Location: In the land of Furloughs
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The Blockbuster in my little town closed without notice last month. We went to drop off some movies and they were closed for good.
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02-09-2009, 11:56 AM
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Senior Member
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Join Date: Feb 2008
Location: US
1,153 posts, read 681,088 times
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Quote:
Originally Posted by Inthesierras
The Blockbuster in my little town closed without notice last month. We went to drop off some movies and they were closed for good.
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Well don't leave us hanging...
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02-09-2009, 12:33 PM
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Senior Member
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Join Date: Jul 2008
235 posts, read 108,285 times
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Yeah, seriously. What happened to the movies you had to drop off? What does one DO in a situation like that?
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02-09-2009, 12:58 PM
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Senior Member
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Join Date: Dec 2008
2,109 posts, read 929,040 times
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You could probably add United and US Airways to that list.
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02-09-2009, 08:58 PM
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Senior Member
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Join Date: May 2007
234 posts, read 206,506 times
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According to the recent issue of Entrepreneur magazine, this is the best time to open up a business, especially a small business or a franchise. The article is about what those who've been laid off can do to work 2009 and beyond to their advantage fiscally. The message is to invest, invest and invest in a business. Take a look at the recent issue featured on the website: LINK
Interesting how opposed the two messages are...what we are getting through news reports and what we are getting in the business world through magazines, books and various forms of business consultation.
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