Big-Name BK Prospects

Interesting list.



[R]isk evaluator Audit Integrity, which has put together a list of the twenty companies with a market cap over $1 billion most likely to file for bankruptcy. The full list is presented below:


Advanced Micro Devices, Inc.
Amkor Technology, Inc.
AMR Corporation Airline. No surprise here.
Apartment Investment and Management Co. Gee. Apartment rents sinking, CRE.
CBS Corporation Two words: Katie Whatshername
Continental Airlines, Inc.
Federal-Mogul Corporation Supplier of automotive and off-road equipment components.
Hertz Global Holdings, Inc. No travel, no rent-o.
Interpublic Group of Companies, Inc.
Las Vegas Sands Corp. Vegas is in trouble, period.
Liberty Media Corporation (Capital)
Macy's, Inc. Too many acquisitions just before 10/08.
Mylan Inc.
Oshkosh Corporation
Redwood Trust, Inc.
Rite Aid Corporation
Sirius XM Radio Inc. Doh. Been 'on the edge' since the day it fired up.
Sprint Nextel Corporation Competition is killing 'em.
Textron Inc. Among other things, makes small aircraft.
The Goodyear Tire & Rubber Company Same problem as Cooper Tire.



Well, we know that Oshkosh is having serious problems in every segment except military, but that's "bid-work" and not extremely profitable.



Now, if you're an Oshkosh supplier, that could be a problem, no? And one of their largest suppliers for the military work is a steel-service-center which was recently purchased by a hedgefund using Hollywood money. Heh.



HT: ZeroHedge