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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (73404)	1/10/2008 3:01:45 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

[Who can identified some companies that likely file bankruptcy?<g>]--"More U.S. businesses are likely to hang "Going bankrupt" signs on their doors this year as the twin blows of slower economic growth and pricey commodities force the weakest companies to seek refuge from creditors. In a twist from last year's trends, the pain is likely to spread from mortgage lenders, house builders and consumer-oriented companies — all areas that contributed to a 40 percent jump in bankruptcy filings in 2007 and are expected to play a role in 2008's misery. This year, industries at risk for the biggest increases in Chapter 11 filings include electronics makers, energy miners like coal companies and agriculture companies, according to Global Insight. Makers of durable goods like machinery also are more at risk and likely will contribute to a 13 percent rise in bankruptcies in 2008, said the private research firm, which bases its estimates on issuers' credit quality and operating conditions. ... The portion of issuers that qualify as distressed, which include Remington shavers and consumer-products conglomerate Spectrum Brands Inc., mortgage lender Residential Capital LLC and theme-park operator Six Flags Inc., has climbed to about two-year highs. Companies that sell to the consumer make the biggest part. " stltoday.com