Sears Holdings Corporation has closed underperforming stores and cut costs, yet a hedge fund controlled by company CEO Eddie Lampert is now pushing for even more forceful financial restructuring to stave off bankruptcy.
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Keep your brains about you: if it looks like a zombie, acts like a zombie, and reports like a zombie, it is probably a zombie.
A contraction in credit is not something that might occur: It will happen at some point. Risk professionals dealing with the transportation and manufacturing industries are better off preparing now, while economic conditions are still strong.
The COVID-19 pandemic swiftly delivered hundreds of bankruptcy filings in 2020. Here in 2022, geopolitical tensions, supply chain challenges, and tightening credit conditions could lead to a similar devastating outcome.
CreditRiskMonitor® offers up five quick and important facts that you needed to know about now-bankrupt Rite Aid Corporation to have made a more solid business evaluation – or, more advisable, an alteration of credit extension or a pivot to a peer.
Knowledge of how and when to react to a business defaulting is essential; cutting ties with a customer or supplier too soon could lead to a missed sales opportunity, while being too late can result in financial loss.
Part of CreditRiskMonitor's Mid-Year Review series, we focus on the volatile state of casual dining establishments and how the FRISK® score is helping credit and procurement managers stay ahead of bankruptcy risk.
The harsh downturn in several end markets has resulted in overcapacity in key industrial commodity markets, causing base metal prices to break materially lower. We note where bankruptcy is most probable.
The longer the coronavirus persists, the harder it will be for health services operators to avoid bankruptcy, quite similar to what recently transpired with Quorum Health Corporation.