Sandard general never planned to lend them money but to selll the loan off at 30M in fees they sold all but 125M when a partner backed out. They want it closed too to salvage as much inventory as possible. Co gone Dec 26th.
Without a minimum wage increase only labor demand establishes wages. Worker slack is drying up and more voluntary employee terminations portend higher wages. People only quit jobs in large numbers when they believe they can do better elsewhere. Wages will be up. slack is drying up
if you don't pay the employees you don't need a liquidation sale as everything will be gone
kens, learn to read,they had credit line still available to draw upon beyond cash in the bank. you apparently don't understand the difference between cash flow analysis and financial losses
they had some credit line available if it has not been recently withdrawn
Salus has a legitimate claim and probably is threatening to go see the judge
60 million of liquidity left 6 weeks ago. Maybe 30 million left to reach zero cash? Can they run it to zero before filing BK? Not wise to not pay employees what is due.
If they file by the end of the month they file December 26 and dont open the door for exchanges/refunds
simply don't respond or try ignore. We experienced the Great Depression in 2008-09 and things have changed .
with a 4% GDP growth there is no reason the Fed not raise rates which gives them ammo for the future for an eventual downturn in the economy. Their gun is empty regarding monetary policy and savers have been hurt as the FED favors banks and the stock holders. There is no shortage of money to borrow for qualified borrowers but savers have been punished. The Fed likes inflation to diminish the debt of the country but low long term interest rates accomplish the same. we are moving into a shortage of housing and low rates will create construction jobs. The idea you need inflation for good reasons is about to be proven wrong. in a different world If your car and fuel and food cost less due to a strong dollar you don't need" inflation " wage adjustments, only merit pay. The world has changed the last 8 years.
Work week up 3% wages up 2% this year. There will be no inflation when you factor in productivity and falling commodity prices. FED need to reload the gun by raising short term rates. If the economy cannot handle 1/2 higher short term rates the world is going to hell and nothing matters. Foreign demand for US safe haven debt will abate any short term rate hike on the longer end of the yield curve. Mortgage rates go down, not up next year
The FED only effects short term rates , not long term rates. The worlds problems and US strengths are driving down our rates, long term The short term rates are maybe credit card and Prime interest rates. Big guys pay less than the prime rate. The big beneficiary is the Federal government financing and reducing our deficit with lower interest costs. We will start to see wage gains accelerate next year as unemployment drops considerably with a strong GDP growth.
Peoples incomes are up 5% this year due to 3% more hours worked and wage increases. Add the gas cost savings and more job security and americans will spend and buy homes next year.
The Fed needs credibility and cannot back off short end rate increases which will have no effect of substance on the economy.
At the cost of todays electronics you replace , not repair. If you are a hobbyist which are few, you buy piece parts online cheap with fast delivery This Co is not good at anything to warrant customers
there is an ETF to short Russian stocks.Used it in the past. I am just 3x short energy etf.