The Dying Breed… Companies Not Expected to Survive the Coming Year… And the Just Hated

24/7 Wall Street annually comes out with a list of companies that they think are going to go the way of the dinosaur… that is go under and out of business, and I was surprised on some of the names I saw this time around with their picks for the deaths of companies in the year 2013.

First off, and has been a staple in America and the world for almost the last half century, American Airlines makes the list. 24/7 Wall Street predicts that the once famed airline will disappear by the end of next year for shear inefficiency. While they survived probably some of the worst crisis’s that brought down a lot of competition, however, they [American Airlines] have lost their advantage when Northwest Airlines and Delta merged & when Untied and Continental did as well. The once mighty company now reduced to a medium sized carrier and is in the sites of CEO of US Airways, Doug Parker, whose looking to buy American’s assets and has the backing of the Union as well

Current TV also made the list. Al Gore’s fledging station was already barley alive when Keith Olbermann was still apart of their programming. But when he [Olbermann] was replaced with serial talk show host failure Eliot Spitzer after Olbermann and the Channel battled over perks, Current TV’s ratings dropped almost 70% of their viewership. Now the closest thing they [Current TV] can call a star is Joy Behar, a veteran talk show host in her own right and former member of “The View”. Unfortunately, she [Behar] is coming off a cancellation of her own back in November when CNN’s HLN network showed her the door.

Pacific Sunwear also looks to be on the way out. The retailer no longer has the capital to compete and Wall Street 24/7 says that there is no way that they’ll make it past 2013.

FACEBOOK, however, tops the list of the most hated companies of the year. Mark Zuckerberg taking the company public earlier with a high buy in where now stock holders see the stock drop almost daily. Not only that, but out all the other social media sites FACEBOOK has probably has one of the lowest consumer satisfaction scores, with 25.9% of users saying that the service they receive is POOR.

NETFLIX as well make the list of the hated. Just last year the through-the-mail rental site had one of the highest satisfaction ratings of any company and NETFLIX saw their stock trading at $305 dollars a share. But being the greedy pricks that they are, NETFLIX thought it prudent to raise customers’ rates a whopping 60%. Now in just six months NETFLIX has lost some 80,000 subscribers, seem their stock drop to $90 dollars a share and is now ranked 18^th.

Along with FACEBOOK & NETFLIX the most hated companies list also sees SEARS, JOHNSON & JOHNSON, BANK OF AMERICA, AT&T, NOKIA, AND GOLDMAN SACHS. A fitting list to be assured.

Until next time…