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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (49649)10/29/2003 8:28:35 PM
From: Carl Worth  Read Replies (2) | Respond to of 53068
 
i would assume you have to make payments each month during that time frame, even though you don't have to pay interest as long as you pay it off by 1/07, but it makes you wonder how they are going to keep their inventory levels up if they are selling an item today and only getting about 3% of the price of the item each month, while they have to go out and pay the supplier full wholesale to put that item back in their showroom to sell to the next super duper ultra preferred customer who shows up

they must have a hellacious markup to cover the no interest, the losses on non-payers, and the inventory replenishment

by the way, i checked hoover's and it isn't publicly traded <g> i guess it's pretty well established though i've never heard of it, so they must have deep enough pockets and probably a revenue stream from past installment sales that helps keep their inventory levels sufficient

lol @ wizetrade, the new whipping boy of the Z thread