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themanfromboston

04/30/10 1:54 AM

#313833 RE: Welcome2Pinkyland #313831

selling receivables?

oh, ok......

and as I have shown, it is costing the hurting company 7 times more by selling those receivables with a factoring arrangement, than if the money was borrowed from a bank by a credit worthy company:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49617184


thanks for playing and please don't forget to come back and play some more


wrong again - sorry to do this to you - but you are mixing apples and oranges

company A is not borrowing money

they are selling receivables

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pantherj

04/30/10 9:54 AM

#313902 RE: Welcome2Pinkyland #313831

However you wish to describe what they are doing, it is costing them 4.67%/mo for the money, 56% on an annualized bassis.