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Politics : High Tolerance Plasticity
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To: kodiak_bull who started this subject3/23/2001 8:06:53 AM
From: CommanderCricket  Read Replies (1) of 23153
 
JQP,

" Will it go that low? We could see some real distress, because margins are skinny and costs are fairly fixed." What does that mean for second-tier players like our friends at Act Manufacturing, which trades at $13.12 and which has a tangible book of around $3.85 per share? For a clue, look at Manufacturers' Services,

To answer the question about ACT, times are bad. I was in their Corinth, MS facility last month chasing business and trying to get ACT to pay thier bills. The only thing I came away with was "we are not paying bills to our vendors until we get paid" We immediately cut credit and so have other vendors. Very tough to survive longer term on Cash-in-advance. We'll never extend credit again

Their are a dozen tier 2 EMS providers that aren't paying their bills either.
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