“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.”
“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.”
“It's a huge but very fragmented market.”
“What this ruling could do is create a national market in municipal bonds, rather than the fragmented, regional one we have now.”
“It is an industry that probably has too much capacity. It's probably too fragmented.”
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