This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: times. The company has gone from a small paper company to one the worlds largest producers of paper products. Unfortunately in the recent years the industry has been going through a rough time and SCC has failed to adapt to the cyclical market appropriately. They are competing in too many fields and are leveraged way too far. It is my recommendation that SCC file for Chapter 11 Bankruptcy and begin the restructuring process under the guidance of the courts and their creditors. SCC is a big corporation and a lot of people have a vested interest in seeing this company succeed in the future. If SCC were to go ahead with any of the 5 options listed above I believe they would only be doing more harm over the long turn. They need to take a step back and evaluate which aspects of the business are best suited for them and thinking about getting rid of the other less important aspects of the business....
View Full Document
This note was uploaded on 04/10/2008 for the course FIN 450 taught by Professor Paup during the Spring '07 term at Eastern Michigan University.
- Spring '07