Pelican Parts Forums

Pelican Parts Forums (http://forums.pelicanparts.com/)
-   Off Topic Discussions (http://forums.pelicanparts.com/off-topic-discussions/)
-   -   A clear summary of the current financial situation (http://forums.pelicanparts.com/off-topic-discussions/434257-clear-summary-current-financial-situation.html)

Hugh R 10-07-2008 08:14 PM

I'm going to be a fool and stay the course. My portfolio is hurting so badly that I hope it can't go down anymore. I also said that about six months ago. I may end up being a greater in Walmart in 15 years. I hope I die before that.

Tobra 10-08-2008 06:00 AM

Quote:

Originally Posted by jyl (Post 4223777)
I talked to a company today, 10X EBITDA/interest, 3.3X debt/EBITDA, BB rated, $1.6BN annual sales, appx $350MM FCF/yr vs $1.2BN debt - they are looking for a bank loan to do an acquisition, last month they were being quoted 8% to 10%.yr interest, now they are being told no loan is available at anything like that rate.

Interesting, in an environment where residential mortgages are around 6%. Consumers are getting better rates than businesses, yet it is consumer default rates that are soaring. That doesn't really make sense to me. Feels like either interest rates for businesses should come down, or interest rates for consumers should go up. The latter would crush consumer spending even more.

the government has not been forcing banks to write bad loans to companies, just individuals


All times are GMT -8. The time now is 05:32 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2025 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website


DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.