Quote:
Originally Posted by Aatish
It's a tough market. The economic downturn and the rise in gas in the past really hurt our bottom line.
Hence, we've been trimming the fat and going to management more so than outright ownership.
|
Smart move...similar to big companies selling property and doing lease backs. Creates instant cash flow, reduces liabilities. Maybe a bump in opex, but it's often a favorable LT solution.