Plant & Facilities Engineering

Maintain a CLOSE WATCH ON INVENTORY TURN OVER whether you produce it or buy it. Tighten up incoming supplies control.......tie purchases/production to sales velocity volume......strictly.

Self finance everything you can.

Debt = interest...interest = future profits gone.

Eight decades of experience

MR. GUY

You forgot "No shipments to accounts past due five days; no production for accounts past due 10 days; no new orders entered for accounts past due 15 days. Salesman to make daily collection visits starting day 16."

Seen many bankruptcies by people who didn't pay attention to their receivables.

milo

Fear feeds on fear. The smart money was in cash before the bust and now is buying up low-priced investments as their owners dump them in terror. In 5-10 yrs those who sold out in fear will be kicking themselves for not holding on to their stocks.

Being in the black may enable acquisition of range for pennies on the $ or a leading partnership position.

Depending how you pilot your apple cart

With the victory of the "Tax & Spend" party I see more companies looking for places where taxes are lower and moving their operations there, leaving behind only a small office staff to maintain the fiction of being American companies. Ireland is promising because of lower taxes. The result will be greater unemployment and more pressure for the government to "take care of them". This fits in with the "Tax & Spend" method of insuring they stay in power by buying the votes of the masses by looting the coffers of those who work hard and make more money.

Look up the "Fair Tax" and it is obvious that there is a better way to tax and finance government. Unfortunately it doesn't redistribute the wealth, carry on class warfare and keep them in power by enabling them to buy the votes, so the "Tax & Spend" party will never accept it.

Economic fear feeds upon itself until the fear is exhausted. The new rich will be those who don't have fear and buy when the markets are down and hold until they climb to new highs, then sell and hold cash for the next down cycle. Then those who sold from fear will kick themselves and be angry at those who bought from them when they were in panic. Does no one study economic history? Are they doomed to repeat history because they don't study it? Probably.

Hello Taganan,

Tax & spend ↔ borrow & spend