Via McGuff, a list of companies that might not make it in the next year.
The one that caught my eye:
Landry's Restaurants. (LNY; about 17,000 employees; stock down 66%). This restaurant chain, which operates Chart House, Rainforest Café, and other eateries, needs $400 million in new financing to finalize a buyout deal dating to last June. If lenders come through, the company should have enough cash to ride out the recession. But at least two banks have already balked, leading to downgrades of the company's debt and the prospect of a cash-flow crunch.
Why are his restaurants in the hole?
Need I remind you:
Fertitta said the Skies Over Texas ride would rival attractions found at major theme parks."It's a 4D ride where not only do see it, you feel it, you hear it, you touch it," said Fertitta. "It uses all of the senses and that's what makes it 4D."
That's right: a restaurateur who doesn't know that taste and smell are senses.
Whatever.
Hey, I wonder what this means for the Crawford Boxes. What bloated ego-driven plutocrats will pay pennies on the dollar for those naming rights?
PS: Fuck Sbarro's.