Re: More opportunity than threat
I think this part of the quote was more interesting (My emphasis): "In particular, we have been focusing on reducing our fixed cost base, identifying areas of potential market share growth if the world becomes a tougher place for our competitors, and generally preparing for all eventualities - just in case."
IOW - If a competitor to one of our foreign operations does a Comet, leaving us as the only major gig in town, we'll respond as we did in the case of Comet by cutting service levels lower than your thought possible while extending our price gouging on the poor hopeless saps in that country as all vestiges of being able to go somewhere else equally crap but possibly a bit cheaper and less likely to insist they buy an overpriced 5 year warranty evaporates before their very eyes, while we rub our greedy hands with glee laughing maniacally.
Biting the hand that feeds IT
