Borders Group, like Blockbuster before it, failed to surprise Wall Street as it went under in July. The mammoth bookstore chain won bankruptcy court approval several weeks ago to liquidate 200 stores in a deal that may bring in $175 million to satisfy its creditors.
So who’s next?
As I discuss on Fox Business in a live broadcast that aired August 2, 2011, the three stocks that could face bankruptcy in the next year or so are Rite Aid (NYSE:RAD), Pulte Homes (NYSE:PHM) and
Zale (NYSE:ZLC).
Read my full article explaining the details on these three stocks and the troubles they face: 3 Big-Name Stocks That May Be Bankrupt Soon.
Jeff Reeves is editor of InvestorPlace.com. As of this writing, he did not own a position in any of the stocks named here. Follow him on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook.