Friday, December 12, 2008

DFW-based companies are not, apparently, too big to fail

The 24/7 Wall St prediction for Pier 1: "More losses mean debt service becomes a huge issue. No other retailer is likely to want the stores, so this is probably liquidation."


That makes this Dallas Business Journal quote more interesting: "If the company can’t get through the short term, there’s no point in planning for the long term, says Cece Smith, a Dallas venture capitalist and member of the boards at Pier 1 Imports Inc. and Brinker International Inc. 'The board has to get as short term (focused) as a manager,' she said. 'You have to get to the long term.'" And it makes selling that building to Chesapeake Energy more interesting. Unless you're Chesapeake Energy.

Bright spot? Faith Popcorn would like to remind you that it's not Neiman Marcus. Radio Shack? Maybe!

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