The Next Great Bankruptcy

" aren't 2009 general martyrs Chrysler and Thornburg Mortgage. As a three biggest bankruptcy so far this year. And for a whole bankruptcy filings up 64%. That's just for the first six months 2009. Audit integrity as a new list of the next big public company. Piling up next and obviously when you file in a statement of the obvious -- where your stock is it's going to go to zero so anybody on these names that I want to hear. I say you've got this list of twenty and -- had to decide who made the cut."

" While we look at the financial said the three things you look at look at the accounting. What kind of -- they have kind of leverage they have too much debt. We looked at the market position of the company a market actually does the price in the market tells us a lot. And we have our proprietary way we look at companies in terms of whether they're being trustworthy in the way in which they're presenting their financial."

" And and you're saying that's certain is that they may charge off things that you're strong company -- wouldn't really need to go that route -- especially now aren't coming out of recession companies are looking to make their balance sheets look better."

" A lot of goodwill being written off and then we're seeing kind of the true underlying health of a lot of these companies and that's going to expose on the bankruptcy that's on."

" This list and we're gonna flash all twenty of them I freeze if you're watching you want to write them down you can do so. I you obviously got transportation airlines auto related -- I got some of that if a couple of retailers. Gambling. One thing that that at stood out to me there's been a lot of media right on this list and you're saying they are four times as risky as as a non media company why is that."

" While I think we just to look at any of the old line media and certainly not the NBC -- out of course not NB CT group would never be included dinner takes care. Absolutely. But these are companies where their business model has changed my that there really in some ways dinosaurs and that's one of the things that's going to drive bankruptcy. -- sexist going to -- companies and a lot of companies got bigger by that but I also have their business model has changed -- this. This is because on the block it and a lot of old line media firms and and publications that are. Just facing some real hard."

" Opinions among the others on the list does have CBS and at Liberty Media in the media industry. You also have a lot of technology companies did have a standouts in the spring textiles on this listen and -- which is going to suck a lot of people AMD is a gigantic company."

" They are and you know whether it's acquisition related they have to make huge investments to to keep pace. So in a lot of ways were just basing it on their underlying financial condition. Do they have the money got to continue on as a business are they overly leveraged from that standpoint. Bankruptcy and generally indicates maybe the exception for you but it shouldn't be a real surprise -- that companies that when you look at their financials at the pretty weak."

" Right Jack thank you very much we appreciate it checks -- joining us and getting the CBC dot com relax a segment and get all of those names is that screens flashed by twenty. Companies he thinks are most at risk."