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Pinnacle Files Bankruptcy


Parsad
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Parsad,

 

What made you dislike this business?  I assume that it was the structure of the business ecosystem--supplier to companies that were (are) struggling, with no particular market power beyond a contract that could go poof if repudiated in BK court.

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Parsad,

 

What made you dislike this business?  I assume that it was the structure of the business ecosystem--supplier to companies that were (are) struggling, with no particular market power beyond a contract that could go poof if repudiated in BK court.

 

Sanj can speak for himself, but here's my two cents worth.

 

Airlines are the epitome of a bad business.  Feeder airlines are the worst subset of that industry.  Make a list of all the qualities that make a good business, and one will see that feeder airlines are the antithesis of almost all of those good qualities.  :P

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Parsad,

 

What made you dislike this business?  I assume that it was the structure of the business ecosystem--supplier to companies that were (are) struggling, with no particular market power beyond a contract that could go poof if repudiated in BK court.

 

Not a fan of debt-laden, capital-intensive businesses.  Especially, if they are in a cut-throat business, beholden to strong unions, and have few competitive advantages.  There are easier ways to make money!  Cheers!

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