The interesting thing is that all of them are dying a slow death. How they've all survived with little cash reserves is interesting. There were supposed to be consolidations and those happened but not really recently because there's little value in just acquiring more debt when there seems to be little hope of growth. Getting the government to change their tax structure seems to be an uphill battle where there's a ton of uncertainty. Doesn't seem like a worthwhile investment given such heavy uncertainty.
|