A website called 24/7 Wall Street just released a list of major companies that are in SERIOUS trouble . . . meaning they'll be sold, bankrupt, or completely EXTINCT by the end of 2011. Here are some of companies that may not exist in 18 months:
#1.) ZALES JEWELERS. The value of Zale Corp. has dropped from $1.3 BILLION in 1999 to $78 MILLION today.
#2.) READER'S DIGEST. Circulation is WAY down and the company's U.S. branch has already had to declare bankruptcy once.
#3.) BLOCKBUSTER. Netflix, Redbox, and On-Demand are killing their stores. They may live on by copying those companies, but the stores could all disappear.
#4.) DOLLAR THRIFTY RENTAL CARS. There are six major rental car brands, and not enough demand to support all of them. And this one's the most likely to go.
#5.) T-MOBILE. It's the number four cell phone provider in the U.S. They'll probably have to merge with another company like Nextel did with Sprint.
#6.) BP. Obviously . . .
#7.) RADIOSHACK. It looks like they'll either get taken over by Best Buy or just disappear completely.
#8.) KIA MOTORS. Hyundai owns Kia, and they'll probably just get rid of it. It's a weaker brand name than Hyundai, and there's really no reason for them to keep it alive.