US News and World report has issued a hit list of companies that have a good chance of failing in the next 8-9 months. We took it a step further and outlined who their advertising agencies are, because of the client goes bankrupt, the chances are great that the Advertising Agency will take a big hit as well. We took a sample of some of that hit list and added their agency of record. If there is any “bugs” in the listing please let us know.
Rite Aid – MARC USA (press release lists them as a client in 2008)
Chrysler – Omnicom – (Article dated 2007)
Dollar Thrifty Automotive Group – Icrossing (digital)- (Current Article on Icrossing.Com)
Realogy Corp – Havas’ McKinney – Article Dated 2007
Six Flags – Zimmerman – Article dated 2006
Blockbuster – Unknown today — but we do know that Doner fired them as a client in 2007
Below is the full list of companies that they are reporting might go under… enjoy the research.
Rite Aid, Claire’s Stores,Chrysler,Dollar Thrifty Automotive Group,Realogy Corp.,Station Casinos.,Loehmann’s Capital Corp.,Sbarro. ,Six Flags.,Blockbuster,Krispy Kreme. ,Landry’s Restaurants. ,Sirius Satellite Radio.,Trump Entertainment Resorts Holdings.,BearingPoint.
Get your money while you can!
I guess I can accept tha… wait… what? Krispy Kreme?!? NOOOOOO!!!!! We can’t allow this to happen!!!
I guess I can accept tha… wait… what? Krispy Kreme?!? NOOOOOO!!!!! We can’t allow this to happen!!!
Bearingpoint is been in the chopping block for years, the only people that don’t realized that how bad things really are, are those over paid MDs and Senior Managers. The golden Parachute of 2004 was the final attempt to squeese the juice out the a rock, by giving themselfs a 20% garantee for life paid if they left the company. In total about 90 MDs left, but some of them were making over a Million a year. In fact, some many people were making over $500k a year that it was considered insult to offer someone a minimun wage job of $200k.
Bearingpoint is been in the chopping block for years, the only people that don’t realized that how bad things really are, are those over paid MDs and Senior Managers. The golden Parachute of 2004 was the final attempt to squeese the juice out the a rock, by giving themselfs a 20% garantee for life paid if they left the company. In total about 90 MDs left, but some of them were making over a Million a year. In fact, some many people were making over $500k a year that it was considered insult to offer someone a minimun wage job of $200k.
When I think of Atlanta real estate, I could not imagine it without real estate companies that belong to Realogy. It would be a disaster for all.
When I think of Atlanta real estate, I could not imagine it without real estate companies that belong to Realogy. It would be a disaster for all.
oh my god, this is seriously bad…
oh my god, this is seriously bad…
We disagree completely with the inclusion of Realogy on such a ridiculous and subjective list that originated as a blog post but is now masquerading as a “news report” elsewhere on the Internet. As of January, there were 88 other companies with the identical Moody’s Speculative-Grade Liquidity rating as Realogy. Our company has the best brand networks and the most successful brokers and agents along with the most seasoned management team and the best employees in the industry.
Although Realogy is currently in a quiet period pending the release of our fourth quarter 2008 earnings results in March, I would like to address a number of fundamental truths about Realogy that were clearly not taken into consideration in this flawed analysis:
· During the past several years Realogy has moved aggressively to mitigate the impact of the economy on our company. We have successfully reduced our overhead by more than $350 million and continue to focus on maximizing the effectiveness of our cost structure.
· As we have focused on costs we have been equally focused on growth. In spite of the woes of the housing market we have made great progress in advancing our company. From new franchise sales to the retention of the top-tier brokers and sales associates to signing new clients across all of our business units, we continue to be forward thinking and highly focused on the future of our company and the industry.
· In 2009, we expect to benefit from considerably lower interest rates since a significant portion of our bank debt is tied to LIBOR;
· None of our corporate debt is due until at least 2013; and
· Unlike many companies in today’s economy, we have the support and commitment of one of the best financed private equity firms in the country, Apollo Management. Private equity funds managed by Apollo Management and co-investors originally invested $2 billion in Realogy so clearly Apollo has a substantial ongoing interest in the success of Realogy. If there is any question as to Apollo’s overall financial strength, one need only look to Apollo’s success in raising approximately $15 billion in capital last month for its newest investment fund.
In summary, your readers who take the time to do their own due diligence should recognize that Realogy is one company that will survive in 2009.
Mark Panus
Senior Vice President of Corporate Communications
Realogy Corporation
We disagree completely with the inclusion of Realogy on such a ridiculous and subjective list that originated as a blog post but is now masquerading as a “news report” elsewhere on the Internet. As of January, there were 88 other companies with the identical Moody’s Speculative-Grade Liquidity rating as Realogy. Our company has the best brand networks and the most successful brokers and agents along with the most seasoned management team and the best employees in the industry.
Although Realogy is currently in a quiet period pending the release of our fourth quarter 2008 earnings results in March, I would like to address a number of fundamental truths about Realogy that were clearly not taken into consideration in this flawed analysis:
· During the past several years Realogy has moved aggressively to mitigate the impact of the economy on our company. We have successfully reduced our overhead by more than $350 million and continue to focus on maximizing the effectiveness of our cost structure.
· As we have focused on costs we have been equally focused on growth. In spite of the woes of the housing market we have made great progress in advancing our company. From new franchise sales to the retention of the top-tier brokers and sales associates to signing new clients across all of our business units, we continue to be forward thinking and highly focused on the future of our company and the industry.
· In 2009, we expect to benefit from considerably lower interest rates since a significant portion of our bank debt is tied to LIBOR;
· None of our corporate debt is due until at least 2013; and
· Unlike many companies in today’s economy, we have the support and commitment of one of the best financed private equity firms in the country, Apollo Management. Private equity funds managed by Apollo Management and co-investors originally invested $2 billion in Realogy so clearly Apollo has a substantial ongoing interest in the success of Realogy. If there is any question as to Apollo’s overall financial strength, one need only look to Apollo’s success in raising approximately $15 billion in capital last month for its newest investment fund.
In summary, your readers who take the time to do their own due diligence should recognize that Realogy is one company that will survive in 2009.
Mark Panus
Senior Vice President of Corporate Communications
Realogy Corporation
Mark,
First you are saying that “it originated from a blog post” when in fact it originated from your financial statements. Perhaps you forgot the lawsuit filed against Realogy
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Real estate brokerage Realogy sought to skirt defaults on some of its bonds by launching a debt exchange but Carl Icahn’s venture-capital firm, High River, threw a wrench in its plans by slapping Realogy with a lawsuit and accusing it of delaying the inevitable.
http://www.forbes.com/2008/12/03/realogy-icahn-lawsuit-markets-equity-cx_mp_1203markets36.html
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It’s not this or any blog post that started this mess..
Mark,
First you are saying that “it originated from a blog post” when in fact it originated from your financial statements. Perhaps you forgot the lawsuit filed against Realogy
———————
Real estate brokerage Realogy sought to skirt defaults on some of its bonds by launching a debt exchange but Carl Icahn’s venture-capital firm, High River, threw a wrench in its plans by slapping Realogy with a lawsuit and accusing it of delaying the inevitable.
http://www.forbes.com/2008/12/03/realogy-icahn-lawsuit-markets-equity-cx_mp_1203markets36.html
————–
It’s not this or any blog post that started this mess..
BearingPoint will probably be sold….either as a whole or in pieces. It won’t simply vanish…
BearingPoint will probably be sold….either as a whole or in pieces. It won’t simply vanish…
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