Sunday, April 26, 2009

Budget and United make 24/7 Wall St's list of 12 brands likely to disappear

Equities and investor blog 24/7 Wall street posted last week on the "Twelve Major Brands that Will Disappear" - joining the likes of Ansett.

Topping the list was the struggling former Car Rental giant Avis/Budget. As I talked about in this post Avis/Budget (CAR) is a shadow of its former self. Having just avoided de-listing on the NYSE, the company is struggling under a mountain of debt, mounting costs and falling revenues.

At number twelve on the list is United Airlines (UAUA). 24/7 Wallst puts United among American and US Air as the three most at risk airlines in the US and in convinced that someone like Continental will step in as an acquiring for one of these. United is most at risk among the three (according to 24/7) because their passenger numbers are dropping faster (despite your BOOT correspondent's recent travels with United). In my 2009 predictions I mentioned that I thought more airlines would go bust (hardly a revolutionary prediction).

Full details over at 24/7 Wallst.

Here is the full list of the 12 brands at risk
1. Avis/Budget
2. Borders books (BGP)
3. Crocs footwear (CROX)
4. Saturn vehicles
5. Esquire Magazine
6. Old Navy apparel
7. Architectural Digest Magazine
8. Chrysler brand cars:
9. Eddie Bauer (EBHI)
10. Palm (PALM)
11. AIG
12. United Air Lines (UAUA)

Hat tip to Seeking Alpha where I first spotted the story

Thanks to Adelaide Archivist over at flickr for the photo

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