Just last month, 24/7 Wall Street named 10 large U.S. companies it believes will not survive through the end of the current year. It was predicted that these companies would go bankrupt, have their assests sold off, close after being bought out, or cease to exist due to merger. I kept the list, thinking it would be interesting to check the articles success rate as the year progresses.
Then this morning I see that Borders, one of the companies on the list, has filed for Chapter 11 bankruptcy protection, and will close 30% (or about 200) of its stores over the next few weeks. They're not disappearing entirely yet, but it looks like they could be headed that way.
The other 9 companies are listed below, so we can follow this together over the next 10 months or so. The full original article, explaining the reasons each company is thought to be doomed, is here.
1. Do you regularly use/support/purchase from any of these companies?
2. What do you think is the biggest reason many large companies fail?
3. What other companies do you think should be added to this list, as not likely to survive?