User 305589

15 Companies That Might Not Survive 2009

Rite Aid may look like bankrupt but itis farther from chapter 11 today than it was a year ago. You, as well as the author obviously completely failed to notice their turnaround in EBITDA and same store sales. their mgmt is doing a terrific job amid a slumping economy to prevent a bankruptcy (which by the way is a legacy of their criminal predecessor).
the stock got hammered of course and i wouldn't touch it. Their bonds look quite interesting, though!


On Feb 11 07:29 AM H.J. Huneycutt wrote:

> Great list.
>
> Rite-Aid looks like a bankrupt company. Not only in the balance sheet
> kind-of-way, but in the "poorly organized, overpriced goods from
> a store with no hint of having any sort of market niche" kind of
> way. I never-ever shop at Rite-Aid unless it's the only place around.
> It's been screaming out "BANKRUPTCY" since at least the mid-90s.
>
>
> I don't see how Krispy Kreme survives, either. On top of having one
> of the ugliest balance sheets out there, societal trends (health-consciousness)
> are moving against them.
>
> Blockbuster has always had a "bland corporate movie chain trying
> to screw you out of as much money as humanly possible" vibe to it.
> It's no surprise to me that Netflix came in and undermined their
> business model.
>
>
> I think Sirius will survive in some form; or at least satellite radio
> will survive (if not Sirius). Obviously, they have one of the ugliest
> balance sheets of them all and the stock is priced for bankruptcy
> right now, but on some level, I think satellite radio is an idea
> that is simply waiting to succeed. Maybe someone buys their assets
> or maybe they miraculously figure out a way to succeed - I don't
> know. But I'm not sure that I can convince myself that satellite
> radio (a good idea) will simply die off.