Lots of iconic brands have filed for bankruptcy recently. Some blamed weak consumer demand, others pointed to rising commodity costs and pension demands. In any case, you can count on many more companies to follow suit. Here is a list of the 17 largest companies with the greatest probability of financial distress. Words: 571
So say Gus Lubin and Jana Kasperkevic (www.businessinsider.com) in edited excerpts from their original article*.
Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) has edited ([ ]), abridged (…) and reformatted (some sub-titles and bold/italics emphases) the article below for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
They go on to say, in part:
1. Caesars Entertainment – the world’s largest casino entertainment company
Financial distress probability: 7.28% (calculation by GovernanceMetrics International); Total assets: $28.9 billion
2. Clearwire (CLWR) – a wireless internet service provider
Financial distress probability: 9.54%; Total assets: $8.8 billion
3. McClatchy (MNI) – the third-largest newspaper company in the U.S.
Financial distress probability: 10.16%; Total assets: $3.0 billion
4. AK Steel Holding (AKS:US) – formerly Armco
Financial distress probability: 10.98%; Total assets: $4.58 billion
5. Republic Airway Holdings (RJET) – an Indiana company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America
Financial distress probability: 11.12%; Total assets: $4.2 billion
6. Tennessee Valley Authority – electricity provider to nine million people in the southeast
Financial distress probability: 11.82%; Total assets: $46.39 billion
7. Office Depot (ODP) – a global supplier of office products and services
8. Barnes & Noble (BKS) – book retailer
Financial distress probability: 12.05%; Total assets: $4.1 billion
9. Standard Pacific (SPF) – a builder of single-family homes
Financial distress probability: 13.35%; Total assets: $2.2 billion
10. Dynegy (DYN) – a producer/retailer of electric energy, capacity and ancillary services
Financial distress probability: 13.93%; Total assets: $11.1 billion
11. Talbots (TLB) – womens clothing and accessories retailer
Financial distress probability: 14.86%; Total assets: $0.7 billion
12. KB Home (KBH) – America’s fifth-largest homebuilder
Financial distress probability: 15.52%; Total assets: $2.7 billion
13. United States Postal Service – mail/package delivery
Financial distress probability: 17.30%; Total assets: $23.4 billion
14. Thomas Cook Group (TCG:LN) – travel agency
Financial distress probability: 17.94%; Total assets: $10.43 billion
15. Air France (AF:FP) – France’s national airline
Financial distress probability: 18.99%; Total assets: $37.1 billion
16. Imperial Sugar (IPSU) – processor and marketer of refined sugar
Financial distress probability: 20.37%; Total assets: $0.5 billion
17. Dendreon (DNDN) – a biotechnology company and developer/producer/distributor of prostate cancer vaccine Provenge
Why spend time surfing the internet looking for informative and well-written articles on the health of the economies of the U.S., Canada and Europe; the development and implications of the world’s financial crisis and the various investment opportunities that present themselves related to commodities (gold and silver in particular) and the stock market when we do it for you. We assess hundreds of articles every day, identify the best and then post edited excerpts of them to provide you with a fast and easy read.
Sign-up for Automatic Receipt of Articles in your Inbox or via FACEBOOK | and/or TWITTER so as not to miss any of the best financial articles on the internet edited for clarity and brevity to ensure you a fast an easy read.