The U.K. transport operator FirstGroup (FGROF)(FGROY) may be able to rejig its asset base, which along with some government help could help ensure its survival. Although there are too many moving parts here for my own tastes, for those interested in a special situation like FirstGroup, I think the recent news stream is positive for the company's chances of survival.
FirstGroup: In the Middle of an Existential Crisis
FirstGroup is a U.K.-based bus and train operator. Despite its U.K. base and listing, a large part of its operations is in the U.S., where it operates