Sirius XM Might Bite The Dust
In regards to my last post it appears that Sirius XM might be preparing for bankruptcy.
It has hired advisers to prepare for a possible bankruptcy filing, people involved in the process said.
That would, of course, be a grim turn of events for the normally upbeat Mr. Karmazin, Sirius XM’s chief executive, who had hoped to create a mobile entertainment juggernaut with stars like Howard Stern.
It is unclear how a bankruptcy would affect customers. Service is unlikely to be interrupted, but the company might have to terminate contracts with high-priced talent like Mr. Stern or Martha Stewart. - NY Times
So nothing to be alarmed with yet, but definitely something to watch out for in the future...
15 Companies that Might Not Survive 2009
Yahoo! Finance posted an interesting article that highlighted 15 companies that might not see 2010. It will be interesting to repay this article a visit in another 10 month's and see if the article made any correct predictions.
A few companies mentioned include Six Flags, Chrysler, & Rite Aid. To see the rest of the list, click here.