Many co.'s have underfunded pension liabilities. I think Congress will address this issue in next session. How is the health care side doing? With family members owning so much stock, why would they let the corp. go under? As common stock owners themselves there stock would have no more value than mine. Has their been talk of cutting retiree benefits-such as health care/drug/eye? What is the unions position on the internal turmoil of SR? Thanks
Congress has already addressed this issue and the name is the Pension Benefit Guaranty Corporation. Rest assured that regardless of who controls the House and Senate, they will not get further involved. The bad taste from the last bailouts is still very much around and frankly, businesses like SRC are irrelevant in the big picture. Better to let capitalism work and kill off the weak, especially in a rapidly shrinking industry.
As for new equipment, it was digital from Xerox and probably a lease, not real purchase.