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MCI Having Rough Times?

 
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GBL Rebel
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Joined: 16 Apr 2007
Posts: 608
Location: Long Island, N.Y.

PostPosted: Tue Mar 25, 2008 5:05 am    Post subject: MCI Having Rough Times? Reply with quote

I found this in a list on AOL of compaines that might disappear--

Standard & Poor's "Weakest Links"11 of 20
Motor Coach Industries International
Debt: $59 million
Rating: CCC/CreditWatch Negative

Most said Outlook Negative, so I guess CreditWatch Negative is not as bad. MCI had one of the better ratings.
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Mr. Linsky
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Joined: 16 Apr 2007
Posts: 5071
Location: BRENTWOOD, CA. - WOODMERE, N.Y.

PostPosted: Tue Mar 25, 2008 7:24 pm    Post subject: Reply with quote

GBL Rebel,

With today's economic climate being what it is I think MCI is doing just about as well as anyone else!

Not to worry, they'll be around for a long time to come!

It's just that I think credit has tightened and operators are thinking twice about new equipment right now.

Hopefully, that will change sometime in the foreseeable future (sound like a politician, don't I!?).

Mr. Linsky - Green Bus Lines, Inc., Jamaica, NY
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GBL Rebel
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Joined: 16 Apr 2007
Posts: 608
Location: Long Island, N.Y.

PostPosted: Thu Mar 27, 2008 3:56 pm    Post subject: Reply with quote

http://money.aol.com/creditdebt/article/usa-today/_a/credit-crunch-puts-some-companies-on/20080324160309990001

Link to what I was talking about seeing.
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ripta42
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Age: 44
Joined: 15 Apr 2007
Posts: 1035
Location: Pawtucket, RI / Woburn, MA

PostPosted: Thu Mar 27, 2008 9:20 pm    Post subject: Reply with quote

Mr. Linsky wrote:
Hopefully, that will change sometime in the foreseeable future (sound like a politician, don't I!?).


A chicken in every pot and an Old Look in every garage!
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Mr. Linsky
BusTalk's Offical Welcoming Committee



Joined: 16 Apr 2007
Posts: 5071
Location: BRENTWOOD, CA. - WOODMERE, N.Y.

PostPosted: Thu Mar 27, 2008 10:27 pm    Post subject: Reply with quote

Boy, ain't it the truth!

But, you don't have to be an Einstein to know that Blockbuster is on the way out (and really not having that much to do with present conditions).

In fact, Blockbuster always did well in economic crunches because people opted for renting a movie as opposed to outrageous theater ticket prices!

Blockbuster's faces demise merely because of the word 'download'! Forget tapes and DVD's - they're history!

Netflix too has it's days numbered - don't invest!

I'll predict one thing for certain; it will be a long long time before this 'recession/depression/crash' (pick your option) comes to an end!

Mr. Linsky - Green Bus Lines, Inc., Jamaica, NY
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