Say Good-Bye To 25% of America's Remaining Companies
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Not that we should put much faith in what Professional Auditors say, but a terrifying new report predicts that a fourth of America's remaining publicly-traded companies may be gone by the end of the year. This means 3,600 shareholder-owned businesses are in "going concern" territory, or in serious danger of failure in the next 12 months -- and this is just based on first-quarter reports, which are already up 9% vs. 2008 "going concern" filings, so, uhm.
Say Good-Bye To 25% of America's Remaining Companies
Say Good-Bye To 25% of America's Remaining…
Say Good-Bye To 25% of America's Remaining Companies
Not that we should put much faith in what Professional Auditors say, but a terrifying new report predicts that a fourth of America's remaining publicly-traded companies may be gone by the end of the year. This means 3,600 shareholder-owned businesses are in "going concern" territory, or in serious danger of failure in the next 12 months -- and this is just based on first-quarter reports, which are already up 9% vs. 2008 "going concern" filings, so, uhm.