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It might be a smaller loss than they'd take by waiting for things to deteriorate further. I interpret their 'wait and see' strategy as optimism that things will
by bittercynic 6y ago
It might be a smaller loss than they'd take by waiting for things to deteriorate further. I interpret their 'wait and see' strategy as optimism that things will be better soon.
- ineedasername 6y agoTrue. If they're stuck servicing loans or paying storage fees (especially those associated with having them on a ship for an extra week) at some point it makes sense to sell at a loss rather than incur more fees and uncertainty.