An array of business challenges are hitting low-rated companies across the U.S. economy, driving selling in the bottom tier of the corporate-debt market that contrasts with gains in stocks and other riskier assets.
In recent months, consumer demands for wireless phones and high-speed internet have helped push one landline telecom company, Windstream Holdings Inc., into bankruptcy protection and another, Frontier Communications Corp., into restructuring talks with its creditors.
There's no financial distress, it's not being able to scale to meet to demand. I had no debt closing my business and was in this category. My problem was finding labor to meet demand and slow cash flow thanks to recession era billing & deposit cycles with financial institutions.
Stop paying the executive far more money than they deserve!!