Quote:
Originally Posted by Dilligas
For a company that has been in the business as long as Toojays, they should not have to file bankrupcy. A well managed company should have enough cash and credit to handle even major problems. Yes pandemics are not expected and are the worst kind of problem, but the fed is also helping to bail companies. Filing this quickly only says they were living day to day and not controlling their business and budgets.
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Sounds like the American public in general . Know many people with family incomes over $200,000 annually, big home, 2 cars, ritzy vacation, and no reserves . Now we "need " to bail these people out. Time for people to be more responsible or pay the piper. I do support stimulus in targeted situations and understand that misjudgements will be made. Goes for corporations and small businesses alike. Cash on Hand is still King.