Zeev's Turnips - No Politics Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: At_The_Ask who wrote (30641)	2/17/2002 9:52:50 PM
From: ajtj99	Read Replies (1) of 99280

At, anyone in the business selling to discount stores knew K-Mart was in trouble 3-years ago or more. This was no mystery. We were approached several times to do business with them, but passed. I did not want to deal with factors as they would have eaten all our profit, and K-Mart was not willing to pay cash in advance. 18-months ago I begged someone we know in business not to do business with them, or use a factor if they did (you could not get credit insurance for them anymore). They sold them on open account, and now they are out half of their equity in their business. Greed has a lot to do with the people that get taken down in situations like these. The people always think things like "that guy got screwed because he was stupid" and are blinded by their greed. In the end, there is a risk/reward ratio that needs to be reckoned with. Anyone who got screwed by K-Mart knew the risk going in. If they didn't, they deserved whatever they got for not doing their homework and acting accordingly.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next