Sep 30
Well, with all of the economic horrificness happening lately, I put some thought into a list of companies that will either be gone by Christmas or shortly thereafter. I have no basis for these predictions nor do I claim to be an economist. These are just your run of the mill average Joe guesstimations.
By the end of 2008
- National City Bank will either get bought out by another bigger bank or will go into conservatorship by the FDIC.
- Sun Country Airlines will not survive much longer. High oil prices and waning demand is just too much for this Minnesota based carrier.
In the beginning of 2009
- Circuit City is going belly up. Meager Christmas sales won’t be enough to save the troubled electronics hustler. Their reputation is all but destroyed. They can’t save themselves.
- United Airlines and Spirit Airlines will not survive in their current state. Spirit’s and United’s leadership is horrible. Neither will be able to see their airlines through this crisis.
- We will see Target, Home Depot and Lowe’s close some of their locations, especially in areas where home values have dropped tremendously.
- As Americans eat out less, we’ll see a lot of Subway, Quiznos and Panera Bread establishments closing up shop, especially in locations where there are 83 of them in a 1 mile radius.
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