RE: The Guardian - "FirstGroup could cease trading as coronavirus hits passenger levels"9 Jul 2020 16:22
Absolutely and the management know this, they will be activey looking at offloading the US operations, just like Stagecoach did. They will have seen how Stagecoach share price recovered over 40 fold within months!!!
That's why FGP is a steal at current price..Will no doubt have gaps to fill above 80p..only news of interest in US disposals will see this more then double on that day alone.
Can't see why this cannot be managed better going forward, remembering this was a Ftse100 company few years ago.