Most I've seen are restructurings, but we really do need a 2021 bounce back for companies to have anything left to even restructure or liquidate if things get worse.@Susan L. wrote:
I hope these companies are filing for reorganization and not liquidation. I want them to come back as the economy gets better.
Some interesting facts about restaurants from Good Morning America yesterday:@ wrote:
The restaurant industry has permanently lost more than 110,000 eateries and drinking establishments in the over 200 days since the pandemic first brought operations to a halt.
As documented in the survey, the vast majority of restaurants that have permanently closed were well-established businesses and fixtures in their respective communities for an average of 16 years.
Before closing for good, those restaurants employed an average of 32 people, and 17% employed at least 50 people.
...another casualty@ wrote:
A beloved clothing store with 449 locations in the U.S. has just filed for bankruptcy. On Jan. 14, Christopher&Banks announced in a statement that it had voluntarily filed for Chapter 11 bankruptcy protection and will be shuttering stores in the near future. . .
The brand, which operates women's clothing and accessories stores in 44 states, "expects to close a significant portion, if not all, of its brick-and-mortar stores," representatives for Christopher&Banks said in its statement.
Cici’s has filed for Chapter 11 bankruptcy and announced its sale to D&G Investors.
The coronavirus pandemic has accelerated the downfall of all-you-can-eat buffets.
In bankruptcy filings, Cici’s said that it had between $10 million to $50 million in assets and $50 million to $100 million in liabilities.
I am not very knowledgeable about REITs, but have indirect exposure to STORE Capital in my Berkshire Hathaway stock. I know they are great investment vehicles for Roth IRAs.@myst4au wrote:
If you have a high tolerance for risk, there are some REITs (Real Estate Investment Trusts) that have plummeted in stock market value. I expect that the well-run ones will recover before going bankrupt, but you have to like roller coaster rides. For instance, Washington Prime Group (WPG) used to pay high dividends, then it lost most of its value (and all of the dividends) last year and recently did a 9:1 reverse split. There was a point where a drink at Starbucks would have bought 10 shares of WPG. As the old Chinese proverb says, "May you live in interesting times."