ranni: Bassett’s strategy seems to be invoking different approach, where main part is one time accounting tricks and one to report profits; they are rather kicking the can down the road. You cannot see improvement in fundaments. This has been excellent opportunity to clean balance sheet, and if I understand correctly, it is now gone.* You know, short term pain is often unavoidable, to archive maximum long term gain.
“buddy81385:. Bottom line is that the dealer base has shrank dramatically and dealers are not happy with them so if there is a pent-up demand and when business does come back strong they will not share in it.”
ranni: It remains to seen, how FBN is able to drive their top line in future, but the platform is now better shape than ever to do that.