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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (226483)3/8/2003 11:34:45 AM
From: Box-By-The-Riviera™  Read Replies (1) of 436258
 
A plumber I know counts a large snack food company as one of his clients. They just changed his payment time from 60 to 120 days. He asked me if i thought they might be in trouble. I said, doubtful. I said, what if you refuse those terms. He said, they'll get someone else. I said, okay, then just keep smiling and jack your rates up enough to cover your cost of capital and throw in a little extra for the aggravation.

now when companies start extending out their payables from 60 to 120 days at the lowest possible level... kind of makes you wonder.
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