American Airlines, Avon Predicted to Disappear in 2013

by

comment

American institutions such as American Airlines and Avon are destined to "disappear" by 2013, the investment website Wall Street 24/7 predicts.

The website reveals 10 companies it believes won’t be around after next year:

10. Avon: The door-to-door cosmetics company ignores its core market of cosmetics, according to Wall Street 24/7. It also recently replaced its CEO and its CFO lost his job over a Securities and Exchange Commission examination.

9. Metro PCS: Bigger players T-Mobile, AT&T, Verizon and Sprint-Nextel are pushing the smaller cellular provider from the marketplace. The stock has dropped to $5.86 from a yearly high of $17.84.

8. Oakland Raiders: OK, the Raiders aren't going to vanish, they’re just moving back to Los Angeles. The NFL team’s stadium contract to play in Oakland, Calif., expires next year.

7. Salon.com: The “pioneering news and commentary” website is swimming in debt. It had less than $150,000 cash to end 2011 as it relied on bailouts from Adobe co-founder John Warnock and investment banker Bill Hambrecht.

6. Suzuki: A bad reputation and shrinking market share are working against American Suzuki Motor Co.

5. Pacific Sunwear: Pitching the California lifestyle isn’t paying the bills anymore. The company’s stock price settled at $2.50 Sept. 28 from $23 five years ago.

4. Research in Motion: A classic example of resting on your laurels caught RIM looking when Apple’s iPhone stormed the market.

3. Current TV: Al Gore’s network is failing fast enough the cable provider Time-Warner is likely to drop it soon. If you’ve never seen it, Current is “the Peabody and Emmy Award-winning television and online network” with “the very best in political commentary, news analysis, and thought provoking programming.”

2. Talbots: This women’s clothing retailer is a victim to the recession and a competitive marketplace.

1. American Airlines: Wall Street 24/7 says the airline won’t emerge from Chapter 11 bankruptcy despite claims to the contrary. Selling assets to US Airways is likely to satisfy creditors and unions while competing with the Northwest-Delta and United-Continental mergers.

Last year, the site says it successfully predicted the demise of MySpace, Saab, the Ericsson mobile company Sony-Ericsson and the A&W portion in Yum! Brands.

Add a comment

Note: Comments are limited to 200 words.