RE:RE:RE:RE:RE:RE:The real worldIn retrospect, with Covid nearly everyone was suddenly in a debt crisis. That was not the real problem however as most companies were able to find work-arounds, even though some were fairly expensive.
Crew was really saved by the fact that it had longer term debt. Pony had some recourses but it chose not to take them.
All that is history, but there are always lessons to be learned. The first is to take a close look at the nature of a companies assets and liabilities. The second is to make an assessment of management and their interests. That is where Crew and Pony diverged !!
More importantly now however is to stop living in fear of failure. That is far behind us now and while it could recur it is far from likely.
My hope is that Crew can find a way to unlock the great value in its holdings. So far it has done very well and I feel that after a short hiatus it will refind a path !!