My friend's sister's second cousin (Miguel) cleans their Dallas offices and he says that almost everyone has gone home at 6:30 when he gets in to work. Also, there is much less garbage in the bins these days.
Sure sounds like those cancellations are really taking a toll.
They are closing marginal routes and cutting costs. all the growth is non U.S. which has 25% growth. The U.S. is a no growth cash flow market. The stock is very cheap on a cash flow basis. EBITDA multiple is super low which makes the stock a good private equity takeover. We will see.
The U.S market is in big trouble. Small mom and pops are killing Brinks and they will eventually fold the the U.S but not before losing a lot of money. The fixed assets are worth little as they are armored trucks--no value.