Cosi, Inc. Bankruptcy
Cosi, Inc. filed for bankruptcy on September 28, 2016. The company owns, operates and franchises restaurants. As of June 27, 2016, there were 74 Company-owned and 30 franchised restaurants operating in 15 states, the District of Columbia, the United Arab Emirates, and Costa Rica.
Our bankruptcy case study shows how CreditRiskMonitor could have alerted you to the signs of failure before it was too late. Download the case study using the "Download" button.
About Bankruptcy Case Studies
CreditRiskMonitor bankruptcy case studies provide a post-filing analysis of typical bankruptcy filings by public companies.
In nearly every case, a low Altman Z'' score gave our subscribers very early warning that trouble was brewing, usually more than a year in advance.
Most companies also showed continuing decline in the content of the news alerts that we sent to our subscribers (resignations, asset sales, "going concern" opinions, late SEC filings, etc.), and from the deterioration of their financial results. Typically, a sharp decline in CreditRiskMonitor's proprietary FRISK® score to a very risky rating of 4 or below occurred 3-9 months before the company filed for bankruptcy protection.