Post by
MaterialsMan on May 18, 2024 10:45am
Newbee
Scouting around for an investment of this nature. I noticed of course that there is a lot of business on the books. I also noticed that that don't have a lot of capital available to fulfill the contracts.
Unless they have a huge line of credit, this could be an issue. They also seem to have a lot of debt.
Any longs out there willing to address these concerns?
.
Comment by
wkrpradio on May 27, 2024 1:42pm
Recent meetings at the White House with the FTA and bus manufacturers proposed a plan whereby cities would make advance payments , as well as progress payments , to help out struggling companies. The model is similiar to the way that aircraft manufactures operate.
Comment by
TELEMARKER on May 27, 2024 3:19pm
depends on how much down payment - 10%?
Comment by
wkrpradio on May 28, 2024 1:52pm
No 10% doesn't go to the Big Guy. FJB
Comment by
TELEMARKER on May 29, 2024 12:35pm
not sure what you mean Summary customer makes order, customer makes dowsn payment of 10% customer makes progrss payments monthly or quarterly for 90% balance based on manufacturing status Customer makes final 100% payment on delivery subject to holdbacks
Comment by
wkrpradio on May 29, 2024 6:54pm
There is also a provision for an inflation adjustments.