https://seekingalpha.com/article/4252067-ftd-companies-zero-looks-likely-2019
1 reply
This.
"...it's not as if fixing one problem gets FTD out from under. All of these issues need to be fixed relatively quickly. An asset sale needs to happen to satisfy the lenders. The business needs to stabilize to prevent leverage from again going above 5x in 2020. This company has had no success on any of those fronts for some time now. Expecting it to be different this time is foolish - as I can tell you from experience."