The advantage for the hedge funds in the mortgage market lay in the inefficiency of that market and the lack of such fierce competition as existed in the much larger universe of macro hedge funds.
Fierce competition in the travel market and doubts over Lastminute.com's profitability further hurt the firm's share price.
The strategy makes sense in the airline market where there is fierce competition and volatile energy prices make profit margins razor thin for many carriers.
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Competition in this market is fierce due to the presence of established players like Qualcomm, Texas Instruments and Broadcom.
Designers operating solely in the contemporary market find the competition is fierce.
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The April issue of Outside magazine has an excellent article by Mike Kessler about the increasingly fierce competition in the waterproof, breathable fabrics market.
Mr. JIM HALL (AutoPacific Inc.): The competition in the market really is absolutely fierce.
But while SPH holds the monopoly in Singapore's newspaper market, it's finding that AsiaOne faces fierce competition from other portals operating there.
The majors can't raise prices at retail because of fierce competition from independent discounters who can get all the supplies they want in a spot market awash in the stuff.
The competition for IT talent is fierce, and market value is driven by available skills in the market.
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The competition in the apparel industry is incredibly fierce with many top competitors yearning for their share of the market.
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