This post at the financial news website 24/7 Wall St. tries to emulate Paul The Octopus by predicting which companies and/or their well-known brand names will face the Vuvuzelas of Death in the next year. Among the likely octopus chow:
- Radio Shack
- Reader’s Digest
- T-Mobile
- Blockbuster Video
- and, big surprise, BP
Some of their picks are simply going out of business, like Reader’s Digest and Blockbuster, while others are acquisition targets likely to be swallowed by some bigger corporate cephalopod (like T-Mobile), and some are just getting a makeover (BP, Kia Motors). Back in December, they correctly predicted doom for Newsweek, and before that they called it right on Saturn, but they have been premature on several others, so you might not want to bet your World Cup winnings on these picks, but it will be interesting to follow up on this six months from now to see how they’re doing.
