Big American Companies That May Go Bankrupt

A number of big American companies, including Clearwire Corp., Standard Pacific Corp., Dynegy Inc., and Barnes & Noble, Inc., could go bankrupt in the next time.

1. Clearwire Corporation (CLWR)

Financial distress probability: 14.93%

Accounting and governance risk: Aggressive

Market cap: $2,240,700,000

Used by Sprint, the WiMax 4G network of Clearwire is getting edged out by Verizon and AT&T's LTE 4G networks

2. Standard Pacific Corp. (SPF)

Financial distress probability: 13.35%

Accounting and governance risk: Very Aggressive

Market cap: $493,090,000

The company carried out a number of layoffs and cost cuts in 2009 and lost much money as the housing market double declined. Current CEO Ken Campbell will leave SPF next year after an aggressive turnaround

3. Dynegy Inc. (DYN)

Financial distress probability: 10.61%

Accounting and governance risk: Aggressive

Market cap: $680,740,000

Dynegy’s bondholders recently sued the company because they thought that they were shortchanged by Dynegy's restructuring, which helped Dynegy avoid bankruptcy

4. Community Health Systems (CYH)

Financial distress probability: 6.88%

Accounting and governance risk: Very Aggressive

Market cap: $1,752,400,000

The CYH saw a declined net income and poor profit margins. It recently sold out two of its hospitals in Oklahoma

5. Barnes & Noble, Inc. (BKS)

Financial distress probability: 6.32%

Accounting and governance risk: Aggressive

Market cap: $716,220,000

The company faces with new pressure from Amazon after the announcement of the new Kindle Fire and cheaper Kindles last week

6. Quad/Graphics, Inc. (QUAD)

Financial distress probability: 6.25%

Accounting and governance risk: Aggressive

Market cap: $996,400,000

Since the company picked up competitor World Color Press out of bankruptcy and bought HGI Company in 2010, its profit margins have been under pressure and debt is high

7. DineEquity, Inc. (DIN)

Financial distress probability: 5.97%

Accounting and governance risk: Aggressive

Market cap: $774,990,000

DineEquity owns two restaurant chains, Applebee's and IHOP, while many U.S. chain restaurants go bankrupt including Friendly's, Fuddruckers, Sbarro, and Perkins & Marie Callender

8. CoreLogic, Inc. (CLGX)

Financial distress probability: 4.44%

Accounting and governance risk: Very Aggressive

Market cap: $1,287,590,000

At least seven different firms have expressed interest in acquiring the data firm, according to Reuters

9. The Shaw Group Inc. (SHAW)

Financial distress probability: 3.81%

Accounting and governance risk: Aggressive

Market cap: $1,723,000,000

The Shaw Group Inc. is trading at its 52-week low and selling its 20% stake in Westinghouse to Toshiba Corporation

10. SunPower Corporation (SPWRA)

Financial distress probability: 3.20%

Accounting and governance risk: Aggressive

Market cap: $652,210,000

Source:http://business.ezine9.com/