BAP
Well-known member
Lifetime Member
Equipment
2012 Kubota 2920, 60MMM, FEL, BH65 48" Bush Hog, 60"Backblade, B2782B Snowblower
Give it up!! You sound like sour grapes. You obviously have no clue at all what most businesses particularly smaller business is going through right now since the pandemic changed everything. What worked for you in past years to make your fortune that you brag about, wouldn’t cut it now. You worked in an energy company which are some of the biggest thieves out there using every little excuse to raise prices for no reason other than to fatten their own pockets.hmm, 600 grapples behind, that's roughly 1.5 million they have upfront, which they can park in a GIC or other secured investment. At a lousy 1% per annum, that's $ 15,000 pure profit on top of the grappler profit. yes, I know they won't have 'grapple money' for a year but since they make other things, it's all the 'same' money at least to the bank.
I have to wonder if the '600' pay off THEIR CC every month, to wipe out the near 30% up here, interest on the $2500 grapple purchase ? Also now wondering about their suppliers ? Does EA pay 100% up front or, lke most businesses ,have 'Net30' accounts ? Then there's the known defect, the warp. How many of the '600' will return them,if EA doesn't correct the manufacturing defect NOW ? Wonder if EA will invest the 500K grapple profit in hiring competent welders or buy a robot ?
it is an interesting 'slice of the economy' to look at.