News Focus
News Focus
icon url

modes948

05/12/16 12:52 PM

#103728 RE: snow #103724

It is a different story the margins or perhaps related.
Their business model of selling with 4 months credit period, was not
sustainable for growth levels we were seeing in the past.It is very simple
maths, unless they could have endless supply of money to fund that sort
of growth.But then you run the risk of bad accounts or pressure from customers who owe you money for beter and better prices so that they can keep paying you back.And unfortunately perhaps they have began to experience this and that is the reason for the drop in margins.