Financial Shakeup this weekend

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Financial Shakeup this weekend

Phokaioglaukos Offline

Riesentöter PCA Member
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Posts: 1,092
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Joined: Jul 2006

#83

03-21-2008, 06:12 AM

Nick, come on back to the club!

There is no question that we are in a recession and that discretionary spending is deeply depressed. I agree that it will get worse before it gets better. One of my clients owns a company that serves the aftermarket racing and enthusiast automotive market. It's performance has fallen into the workout range with dramatically reduced cash flow. Basically, sales collapsed last fall and show no signs of recovery yet.

This will be a tough year.

Chris
981 GT4
996 GT3 Cup
911 Carrera Sport Coupe
PCA Nationally Trained DE Instructor #200810247
Genesee Valley BMW CCA Instructor

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