Businesses on the Brink: Change or Fail? by Mark Riddix

Posted: April 7, 2010 in Uncategorized

Good Morning Readers,

     This is Marc Turner and I was reading this Article this Morning talking about Business that are Failing. It is interesting to see this because some of them I would have never guessed would be in So much Trouble.

Well here is the Roll Call

Many major companies like Circuit City and Linens ‘n Things went bankrupt during the economic crisis of 2008-2009. These companies folded under high debt levels and a decline in sales. Just because some companies were able to survive the economic downturn of the past few years doesn’t mean they are out of the woods yet. Companies like Blockbuster (NYSE: BBI) and Borders (NYSE: BGP) are going down with their industries, meaning that making drastic changes is their only option. Here are five major companies that are struggling — it is unlikely that all will survive

1. Blockbuster

2. Rite Aid

3. Borders Group

4. Palm

5. YRC Worldwide

 

The Bottom Line is This:

Saving these companies may be an impossible task. Unless these companies undergo a major restructuring or are acquired by a competitor, they may collapse before the calendar year is over. (Even in bankruptcy, some companies can be a good investment.)

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