Keyword: overcapacity

Blocked Exit (3/7/2002)

Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.

Keywords: bankruptcy, capacity reduction, Chapter 11, consolidation, exit, glut, import tariffs, market exit, overcapacity, steel industry, steel summit

Bottom Fishing (3/7/2002)

Recession and bear stock market provide an environment for the fittest firms to expand and consolidate at the expense of weaker competitors.

Keywords: advertising, bargain hunter, bottom fishing, Dell, goodwill, hostile takeover, merger and acquisitions, overcapacity