Barnes & Noble to Go Bankrupt Next, Poll Says: "
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NEW YORK (TheStreet) -- Investors expect Barnes & Noble to be the next retailer to file for bankruptcy, according to a poll of TheStreet readers.
Last week, TheStreet analyzed the risk of retail sector companies through the Altman Z-Score, a formula developed by New York University professor Edward Altman in 1968. The Altman Z-Score measures several aspects of a company's financial health to forecast the probability of it going bankrupt within two years. Since its inception, the formula has been 72% accurate in predicting corporate bankruptcies two years prior from the filing.
> Bankruptcy Scores: 20 Risky Retailers
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