Friday, January 27, 2012

Iconic companies standing on the precipice of bankruptcy

Over the past month, two iconic companies filed for bankruptcy as the economic recovery proves to be little more than smoke and mirrors, and a growing of printed money from the Fed while GDP and consumers spend less and less.  Eastman-Kodak and American Airlines were some of the first, but a new list by Business Insider shows that up to 17 more stand on the precipice of bankruptcy themselves.

Caesars Entertainment
 Financial distress probability: 7.28%

Clearwire (CLWR)
Financial distress probability: 9.54%

McClatchy (MNI)
Financial distress probability: 10.16%

AK Steel Holding (AKS:US)
 Financial distress probability: 10.98%

Republic Airway Holdings (RJET)
 Financial distress probability: 11.12%

Tennessee Valley Authority
 Financial distress probability: 11.82%

Office Depot (ODP)
Financial distress probability: 11.90%

Barnes & Noble (BKS)
 Financial distress probability: 12.05%
Standard Pacific (SPF)
Financial distress probability: 13.35%

Dynegy (DYN)
 Financial distress probability: 13.93%

Talbots (TLB)
Financial distress probability: 14.86%

KB Home (KBH)
 Financial distress probability: 15.52%

Unites States Postal Service
 Financial distress probability: 17.30%

Thomas Cook Group (TCG:LN)
 Financial distress probability: 17.94%

Air France (AF:FP)
 Financial distress probability: 18.99%

Imperial Sugar (IPSU)
 Financial distress probability: 20.37%
Dendreon (DNDN)
Financial distress probability: 30.62% - Business Insider

Financial distress probabilities was calculated by GovernanceMetrics International.

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