Posted on 12/11/2012 6:06:20 AM PST by YourAdHere
The fall of Hostess got me thinking - which companies will fail in 2013 and why?
Reasons can include Obamacare, union thuggery, or good old-fashioned consumer choice.
Best Buy,Sprint,Mitsubishi Motors
Layoffs
December 11 , 2012
Update: WebMD Health Corp - 250 Layoffs
WebMD - Massive Layoffs Expected, Check Back
Credit Suisse - 120 More in NY
Starbucks - who can afford it anymore?
(That's a question, not an answer.)
You might have the number one answer for companies that OUGHT to go out of business.
Every company that hasn’t lined Obama’s pockets with bribes, err, donations.
JC Penny
A couple of green energy companies supported by 0 and the DOE.
Mom & Pop restaurants. - On a pretty long trip yesterday, we drove and drove and drove before we finally found a place to eat lunch; and that was in a pretty sizable town. We saw many buildings on the way that had once been small rural restaurants where you could get a meat and three at one time. - The Obama “rot” has shown up in shopping malls closing and other small businesses standing empty.
No specific store to mention but probably high end specialty stores. I expect to see smaller jewelry stores close at a higher than normal rate. Small coffee shops...only the chains can afford to stay open and McD’s sells coffee cheap.
Auto Parts will probably do well as people keep cars longer and do more of their own repairs when possible. Home Depot & Lowes should be ok...again the DIY crowd. Dentists will probably close/retire. A local dentist told me his business is down 40%.
One of the major restaurant chains.
My first pick would be Best Buy.
Nobodys buying CDs like they did 20 years ago.
I dunno...but interesting charts of IPO filings for the last 18 months and the last 10 years...here...
http://www.renaissancecapital.com/IPOHome/Press/IPOFilings.aspx
I think the ones that are passing the costs of Obamacare on to the consumers (Applebees, etc.) will survive. But yeah, something along the lines of a Famous Dave's, I could see going under.
1) Block buster video
2) Wendy’s
3) American airlines
4) Macy’s
5) New York Times
6) MSNBC
7) Yellow Freight
8) Chrysler
9) State of California
10) Concert promoters
I agree all around.
Sears/Kmart
AOL
Research In Motion (Blackberry)
Rite Aid
Arena Football League
Dick Morris Productions
Yep, recently I had occasion to drive through an industrial part of my old home town. It had been a few years since I was through there last. The place used to be filled with Mom and Pop type places - glass repair, small manufacturing, metalworking, and industrial places, and the like. No global conglomerates. Just a business owner and 5 or 10 or a couple of dozen employees, times 100.
Now, every single building was empty. Thanks, Obama.
Current TV, Al Gore’s offspring.
Salon.com is a big money loser and needs too frequent injections of cash for left wing money types.
American Airlines.
Avon.
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