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Strategies & Market Trends : Charts & Scans
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To: rogermci® who wrote (5045)4/30/2009 8:04:28 AM
From: robert b furman  Read Replies (1) of 5125
 
Hi Rog,

BIG Problem for many/most.

Fear of losing flooring could be devastating.

We floor with Chase - they have been a rock.

I know several dealers who have been called and told by their bank - "We're getting out of the floor plan business - you need to find someone else".

Unbelievable that a bank would drop a dealer in the grease like that - but it happens -in a limited number.

Also banks are calling in commercial real estate loans.

IF you are profitable it doesn't happen - if you are losing - Banks get cold feeet quickly.

Much like a broker changing margin rules at a bottom.

Debt is never a good thing.

Being capitalized is always what allows one to sleep at night.

Bob
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