Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Monday, May 25, 2009
Air Canada Dodges Cash Bullet for now
Air Canada (TSE:AC) announced that they have a special deal with their credit card processing company to reduce the cash required to back up the transactions. Normally you would think this is a good thing but it just goes to show how badly broken the business model is. This business item should not be mission critical in the successful operation of an air line.