The term "Japs" is now considered a "racial slur" remark to our "Asian Allies",
You know, those allies that are wrecking the world economy.
In the future, you may want to use the term "racial purists" in place of the term "Japs"
To make this post not "off topic", Danky is in deep trouble and I would hope the board would see a need for a radical change in management and a diligent cost cutting program (assets, inventory and people).
I think you are way to optmistic about the real value of Danky, unfortunately, the squeeze has not started yet, Only when the Japanese financial Managers from Canon, Konica, Ricoh etc begin to have second thoughts about the ability to repay the products they are shipping to Danky, then we will see Chapter 11, I think the Japs know that and they are waiting for the first shots to be fired before they make any moves on credit on danky. In my opinion Danky could survive for a while by purchasing wholesale inventory as a sign of confidence and paying ther vendors "on Time" then by getting rebates can actually show some profits and would improve chash flow. ALSO: get rid of ALL unnecesary assets for example: COMPANY JET (7$ MILLION) WAHERHOUSES AND LEASES/ idle EMPLOYEES/SELL ACCOUNT RECEIV TO FACTORING COMPANIES/etc etc. REDUCE DANKY BRANCHES BY SELLING THEM ONE BY ONE TO "TEAM" OF TECHNICAL AND SALES PEOPLE, by holding the paper on the sale the could also get factoring or more financing from smaller banks. These are some of my ideas in how to ride he storm.
I am tired of all these "want to be" insiders who quote Doyle or Merriman like they are best buddies. Back up your post with credible proof that you would know this valuable piece of info to be true or shut up. If Doyle's in-laws (Stouffer's foods and hotels) bail him out, we might stay afloat. I hope the life rafts are ready.