“The whole industry is very fragmented. We'll see this market consolidate.”
“This is an $8 billion domestic industry, $25 billion world-wide market, ... And it's completely fragmented. Not any company has a significant market share.”
“The steel industry has been very fragmented (in Europe)...and the automobile and packing industries have been exploiting that.”
“It is an industry that probably has too much capacity. It's probably too fragmented.”
“What this ruling could do is create a national market in municipal bonds, rather than the fragmented, regional one we have now.”
“The industry has suffered from fragmentation for a long time. The new company will have pricing power over customers and raw material suppliers.”
“But it's likely it would get just a small piece of a fragmented market. They would have to staff up considerably to make an impact, in particular on the commercial side.”
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