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Originally Posted by Hylton
Let's assume they go Chapter 11 - what will be the (increase/decrease) percentage in sales? Give me a percentage number based on the current market conditions and on how you believe the public will react to this news.
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No doubt this would be bad news to the general public and sales would most certainly decrease as a result. However, their biggest problem is not sales, its profitability. They do not have to regain market share that they once had back in the 70's and 80's to be a viable company. They do however have to restore profitability. Simple economics here I know. But, filing C-11-B will allow them to reorganize and get out of ridiculous union contracts that are sucking the life right out of them.