cjb Posted December 9, 2008 Share Posted December 9, 2008 L'année 2009 devrait voir un nombre reccord de faillites partout dans le monde: http://www.marketwatch.com/news/story/More-Tribunes-Lehmans-likely-coming/story.aspx?guid={F40FA856-6FE7-4A28-82B0-6729F7E57CB5} LOS ANGELES (MarketWatch) -- Consider the Lehman Brothers bankruptcy a few months ago and Monday's filing by private-media giant Tribune Co. as shots across the bow, according to attorneys in the field.A sour economy and tight credit market clearly are just the right ingredients to bring about a wave of bankruptcies, they say. Companies deeply in debt like Tribune are likely to be vulnerable as the troubled economy shakes out the strong from the weak, and they may fall into a situation where filing for bankruptcy protection is their only alternative. "It seems like a lot of these companies were in a mode where they took on a lot of debt to acquire businesses," said David Hagen, a bankruptcy attorney in Woodland Hills, Calif. "I'm sure there's a ton more that are going to [file]." The list of high-profile bankruptcies has grown quickly in a short time, even though a number of companies teetering on the brink have been helped by government aid. Since Lehman (LEHMQ: Lehman Brothers Holdings Inc News, chart, profile, more Last: 0.040.000.00% 8:10pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: LEHMQ 0.04, 0.00, 0.0%) kicked things off in mid-September, it was quickly followed by Washington Mutual (WAMUQ: Washington Mutual Inc News, chart, profile, more Last: 0.030.00-2.86% 8:11pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: WAMUQ 0.03, 0.00, -2.9%) , which couldn't avoid bankruptcy despite selling its retail-bank outlets to J.P. Morgan Chase & Co. (JPM: JPMorgan Chase & Co News, chart, profile, more Last: 36.49+3.14+9.42% 4:00pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: JPM 36.49, +3.14, +9.4%) Lehman wasn't the first company to file for bankruptcy in 2008, but it is the largest by far. Its demise was the first signal of serious deterioration in the economy. The company has $768 billion in bank and bond debt, due mostly to its massive exposure to subprime mortgages. Assets were listed in September at $639 billion; the company's annual sales are $59 billion. Also falling in the subprime crisis, Washington Mutual followed Lehman a few days later when regulators seized the company's banks and put them up for sale. J.P. Morgan was the winning bidder. What was left was the shell of a corporation, with $16 billion in annual sales, $33 billion in assets and $8 billion in debt. It filed for Chapter 11 in late September. 'It's the same story every economic cycle. The shapes of the bankruptcies change a little bit. The ones who learn the most are the creditors, not the debtors.' — Rich Levin, bankruptcy attorney "It's the same story every economic cycle," said Rich Levin, a bankruptcy attorney in New York. "The shapes of the bankruptcies change a little bit. The ones who learn the most are the creditors, not the debtors." Circuit City (CCTYQ: Circuit City Stores, Inc.- Circuit City Group News, chart, profile, more Last: 0.16-0.01-8.57% 8:10pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: CCTYQ 0.16, -0.01, -8.6%) tumbled into bankruptcy in November, but retailers were feeling the pinch even before Lehman went asunder. In May, Linens 'n Things filed for Chapter 11 and said it planned to come out of bankruptcy in 2009. But in October, the company switched gears and said it planned to liquidate. Circuit City, the nation's second-largest electronics retailer behind Best Buy Co. (BBY: Best Buy Co., Inc News, chart, profile, more Last: 24.28+1.23+5.34% 4:01pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: BBY 24.28, +1.23, +5.3%) , finally succumbed to market conditions that made it difficult to compete. Best Buy was grabbing increasing market share while big-box retailers Wal-Mart Stores Inc. (WMT: Wal-Mart Stores, Inc News, chart, profile, more Last: 57.56-0.65-1.12% 4:01pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: WMT 57.56, -0.65, -1.1%) and Target Corp. (TGT: target corp com News, chart, profile, more Last: 38.32+3.36+9.61% 4:01pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: TGT 38.32, +3.36, +9.6%) have expanded their own electronics offerings. It now seeks a $1.1 billion line of credit. Circuit City had assets of $3.4 billion and debt of $2.32 billion when it filed for bankruptcy protection. Annual sales were $12.4 billion The bankruptcy bug appears to be hitting all sectors, though. Pilgrim's Pride (PGPDQ: Pilgrim's Pride Corporation News, chart, profile, more Last: 0.32-0.01-4.55% 8:10pm 12/08/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: PGPDQ 0.32, -0.01, -4.5%) met the same fate. The chicken producer filed for Chapter 11 protection on Dec. 1 and received approval to access $365 million in debtor financing a few days later. The company's debt load is $2.72 billion, roughly half its annual sales. Tribune's situation is much more dire. The debt that owner Sam Zell took on to turn the owner of the Chicago Tribune, Los Angeles Times and Baltimore Sun -- as well as the Chicago Cubs and various other media assets -- from public to private was costly. Estimated debt now stands at nearly $12 billion, on $5.1 billion in annual sales. Which of these companies will emerge leaner and meaner? Much of it depends on what assets they have to sell off that could prove attractive to bankruptcy judges and creditors. But the environment is favorable right now, as evidenced by the financial-services firms that have received government bailouts, as well as car companies primed for a similar deal, according to Paul Brent, a Los Angeles-based bankruptcy attorney. There's strength in numbers, he said. "The lesson to be learned right now is to be part of a really large problem because you get the kind of accommodation that I've never seen before," Brent commented. End of Story Link to comment Share on other sites More sharing options...
Philippe Posted December 9, 2008 Share Posted December 9, 2008 Est-ce que l'on fait nos prédictions pour le Québec? -Les Ailes de la mode -Dumoulin Electronique -Centre Hi-Fi Link to comment Share on other sites More sharing options...
ProposMontréal Posted December 9, 2008 Share Posted December 9, 2008 Est-ce que l'on fait nos prédictions pour le Québec? -Les Ailes de la mode -Dumoulin Electronique -Centre Hi-Fi Je suis d'Accord avec toi pour Centre Hi-Fi et à 50% avec les Ailes mais Dumoulin est loin de la faillite. Dumoulin a d'autre bannières que les gens ne connaissent pas et elles se portent très bien. HotelSolutions par exemple, vend des systèmes visuel à de grandes chaines d'hotels partout dans le monde et je sais qu'il viennent de signer un bon partenariat avec LG qui font de eux un des leaders dans ce domaine. Link to comment Share on other sites More sharing options...
Habsfan Posted December 9, 2008 Share Posted December 9, 2008 Est-ce que l'on fait nos prédictions pour le Québec? -Les Ailes de la mode -Dumoulin Electronique -Centre Hi-Fi J'avoue que le Ailes de LA Mode vont sûrement prendre le bord. UNe chaine de magasin aussi mal géré que ça...ils méritent ce qu'ils leurs arrive! Link to comment Share on other sites More sharing options...
cjb Posted December 9, 2008 Author Share Posted December 9, 2008 Mes prévisions pour 2009: -la plus grande: AbitibiBowater -Xsatra Canada à Montréal-Est ( plus vieille affinerie de cuivre encore en activité en Amérique du nord...) -Les Ailes de la Mode -Petites mines junior et sociétés d'exploration gazière ( Gastem, Petrolia, etc.) -Petites compagnies de recherche scientifique avec beaucoup de dettes( Raymor Industries, Prometic life, etc.) Link to comment Share on other sites More sharing options...
cjb Posted December 10, 2008 Author Share Posted December 10, 2008 On l'avait oublié: Nortel. Link to comment Share on other sites More sharing options...
yarabundi Posted December 10, 2008 Share Posted December 10, 2008 BCE ? Leurs actions en bourse baissent à vue d'oeil !! TQS ? sauvé par la peau des dents !! Quelques compagnies manufacturières de meubles ? Le déclin de la consommation aux États-Unies ne devrait certainement pas aider ce secteur d'activité !! Link to comment Share on other sites More sharing options...
Gbx Posted December 10, 2008 Share Posted December 10, 2008 BCE ? Leurs actions en bourse baissent à vue d'oeil !!TQS ? sauvé par la peau des dents !! Quelques compagnies manufacturières de meubles ? Le déclin de la consommation aux États-Unies ne devrait certainement pas aider ce secteur d'activité !! La chute de la valeur de BCE ne veut pas dire que l'entreprise va mal mais que que son rachat par teachers (et donc la prime à l'achat) ne va plus avoir lieu. Link to comment Share on other sites More sharing options...
yarabundi Posted December 10, 2008 Share Posted December 10, 2008 C'est pour cela que j'ai posé la question n'étant pas moi-même un expert. Link to comment Share on other sites More sharing options...
cjb Posted December 11, 2008 Author Share Posted December 11, 2008 je ne crois pas que BCE va faire faillite. Ils font toujours beaucoup d'argent ( mais beaucoup moins qu'ils pourraient en faire si c'était bien administré...) Link to comment Share on other sites More sharing options...
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