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Big Company Bankruptcy Candidates (ZLC)(BGP)(WAVE)(ARM)

Which US companies of significant size have among the highest odds of declaring bankruptcy? According to recent data from Audit Integrity, four firms are in extraordinary financial trouble. These corporations each has a high Audit Integrity Accounting and Governance Risk (AGR).…

By Douglas A. McIntyre
Published February 8, 2010, 4:53pm ET · 1 min read

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Which US companies of significant size have among the highest odds of declaring bankruptcy? According to recent data from Audit Integrity, four firms are in extraordinary financial trouble. These corporations each has a high Audit Integrity Accounting and Governance Risk (AGR). The risk numbers are created by an analysis in which Audit Integrity examines over 100 accounting and governance metrics from a company’s publicly filed information.

Based on balance sheet data as of September 30, 2009 and market data as of January 31, the troubled companies selected from the data bas by 24/7 Wall St. are:

Zale (ZLC): bankruptcy probability–22.10%

ArvinMeritor (ARM):   bankruptcy probability–13.24%

Borders Group (BGP):   bankruptcy probability–11.91%

Nextwave Wireless (WAVE):   bankruptcy probability–11.49%

Douglas A. McIntyre

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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