3 Companies That Will Be Bankrupt In 10 Years

Warren Buffett once famously advised investors to only make investments that they’d be comfortable holding if the market were closed for 10 years. Sprint (S), GoPro (GPRO) and Fitbit (FIT) are all companies that could easily fall by the wayside by 2025.

Sprint (S)

sprint stock nyse:sSprint generated -$3.55 billion in free cash flow in 2015. Yet again, there was no buyout offer in sight.

Sprint may be in the unfortunate position of being too small to compete with AT&T (T),Verizon (VZ) and T-Mobile (TMUS) and too big to be acquired without raising antitrust concerns.

With the U.S. wireless market approaching its saturation point, subscriber growth among the telecoms is approaching a zero-sum game, and Sprint is the runt of the litter.

Sprint’s market cap is $14.3 billion, and it already has $30.4 billion in debt on its books to go along with only $2.2 billion in cash. The company has fought hard to hang on as an underdog in the fiercely competitive environment, and it may continue to do so in the near future. However, by 2026, it’s hard to imagine Sprint will still be around unless it can make some major unexpected changes.

GoPro (GPRO)

Market leaders like Netflix (NFLX) and Amazon.com (AMZN) have been forgiven…

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