The offshore oil and gas market remains widely depressed. Troubled outfit Hornbeck Offshore Services, Inc. has fallen to a FRISK® score of “1,” which indicates severe financial distress.
While risk analysis professionals may be tempted to use the statistical FRISK® score as a component within a different model, such as one that is rules-based, doing so may generate suboptimal results.
Pier 1 Imports, Inc.'s management is hyper-focused on turning around the business, but don’t let other scoring methods (including the PAYDEX® score) mislead you.
A blueprint for bankruptcy? New Jersey-based residential home builder Hovnanian Enterprises, Inc. pays its bills on time - yet we're seeing an exceptional amount of financial risk in this company.
The retail industry continues to be haunted by persistent bankruptcy filings. Will famed furniture and home decor provider Pier 1 Imports be next to fall?
The news that Kona Grill, Inc. went bankrupt was tough to digest for many risk professionals - but not CreditRiskMonitor subscribers, who would have been aware of the restaurant chain's financial struggles for years.
Just like tariffs, supplier financial risk has become an important category to monitor by company procurement departments. If this isn't on your radar today, it should be.
