| MrBushel - 12/18/2024 23:39
Belly up. I heard that their inventory was 30 million - their books said 60 million instead. Salesman no longer with the company.
Actual cost values on aged inventory that was purchased at the peak of hysteria vs current market values will do that in a hurry.
When things get hard, the weak definitely flee the ranks - or are culled. Sometimes the strong have to get culled also, just as a matter of survival.
Give it time, steer clear if you choose, or (gasp) order some product, pay on delivery, and be part of the solution. |