120 Day Terms

Never get to deep, desperate people do desperate things.
 
Ya know funny thing I was talking to my brothers today about this very thing.

I see optimism in the stock market, but I’m not seeing a whole lotta good signs on the ground and in my industry. It’s good in some places but still bad in others.

During our quarterly call last Friday our company President said we have customers who are not paying, some out 4-months, some customers didn’t renew their contracts and some deals have postponed. We’re hearing that our customers’ business is the same so it’s trickling down to us.

We didn’t lay anyone off but we might have to in next 30-45 days.

I’m starting to get concerned for the first time this year.
 
I think it is more a supply issue than a demand issue. Store shelves are still empty -- especially social distanced outdoor activities. Car dealer lots are thin -- both new and used vehicles. I don't think suppliers are replenishing stock like they once did.
 
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