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Tuesday February 10, 2009 12:31 pm
More Companies Predicted to Go Under This Year
Moody’s Investors Service says that there may be 25 large company bankruptcies this year. Ratings from them and other sources came up with a list of those that are feeling the pinch. Sirius, Chrysler, Six Flags, Blockbuster, Rite Aid, and our beloved Krispy Kreme are all at risk of going under. Most of the companies have limited cash, large debts with huge interest payments and little chance of refinancing. While some of this may be inevitable, we suggest you go out and buy American. Treat your family or office to a dozen donuts or a trip to the amusement park.
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