Poll Says Sirius XM Headed For Bankruptcy
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NEW YORK (
) -- Earlier in the week, an Audit Integrity study highlighted a few companies that it said were mathematically most poised for
bankruptcy in the coming year.
Taking a cue and picking five from the list,
TheStreet
readers clicked away and told the world which company they thought is most likely file for protection.
And the results? With more than 1,300 votes cast,
Goodyear Tire & Rubber
(GT) - Get Report
,
Hertz
(HTZ) - Get Report
and
Sprint
(S) - Get Report
were bringing up the back end -- which is where you'd want to be in this poll -- tallying around 8.4%, 11.4% and 14.5% of the vote, respectively.
Long-troubled
Rite Aid
(RAD) - Get Report
, which topped the Audit Integrity study, came in a close second with nearly 31.6% of the vote. On Thursday of last week, the drug retailer posted
a 14-cent per-share loss.
But in first place, with 34% of the vote, was
Sirius XM Radio
(SIRI) - Get Report
. The company's long-term viability has been challenged for months, as shares continue to track below a dollar. On Friday, Sirius XM Radio closed at 63 cents, losing a penny on the day.
Invest accordingly.
-- Written by Sung Moss in New York
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