Quote:
Originally Posted by classicman
[It seems the article is playing both sides. On on hand they are better off not being bought out, yet on the other the investment needed for upgrading and innovating may be prohibitive.
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It is better to address problems when they exist. In a parallel example, GM has been bankrupt since the 1990. By playing accounting games and all but encouraged to do so by deregulation, GM also did not have to face reality.
Bell of Canada should have been addressing these problems years if not a decade ago. That is why credit rating firms, auditors, and government oversight exist. Maybe the bean counters in finanical markets and government were no longer doing their jobs? No. These people exist to advance mankind. They would do their jobs.
Bell of Canada is added to a long list of firms that ... well that list has not yet hit the half way point. Did I mention big steel because some stupid president protected them some four plus years ago from free market pressures that would have saved them?
BTW, a world record loss has now been set by a hedge fund. This will be the largest Ponzi scheme ever.
"Don't worry. Be Happy."