thevicenarian.com

Sharper Image K.O.

Posted by T.W. Hanson - Feb 20th, 2008 at 22:02

Sharper Image, the maker of massaging chairs, digital clock thermometers, nose hair trimmers and other fine products, filed for protection under chapter 11 of the bankruptcy code today. Liquidation is a possibility, meaning their assets may be sold to pay off creditors. I fear this is a sign of things to come. Companies, like some homeowners, have lived beyond their means for the past few years. In coming months, it is highly likely that corporate default rates and bankruptcy filings will increase. This is not good for the stock or bond market and is a factor you should consider when investing in any company with a significant debt burden.

In the meantime, get whatever you need from Sharper Image, as its doors may close forever. Hopefully you will be able to live with other gadget stores like Brookstone.