Too_Many_Tools wrote:

Michael, in my opinion who will survive this downturn is dependent on
how much they rely on a credit line.

Some of the hardest hit companies will be those who have been running
on credit or just went in debt for expansion purposes.

Be this time next year, we will be looking back over the rubble of
some well known names.


1) The flyer is indeed out. However it is an interesting one: Instead of at
least a few good deals which have been a feature until recently the whole
thing is full of "pretend deals". Including "deals" that are actually dearer
than their regular prices. A last gasp before "everything must go" flyer?

2) The opinion of the insiders is that the Canadain operation is being
sacrificed to salvage the US operation (I did not know they had one!)

3) No question many outfits will go to the wall. I love watching TV
commercials and betting on who is next. Have you noticed how TV advertises
mainly completely useless crap which one can live without? I for one am
happy to die in 50 years' time without ever owning a Snuggie or tasting Lean
Cuisine. I must say that I was surprised to see HoT in that category.

C'est la vie!

--
Michael Koblic,
Campbell River, BC