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  1. #31
    Unregistered User Cleveland33's Avatar
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    Originally Posted by SillieBazzillie View Post
    AGAIN. We could generate $0 cash for 5 phuking months and still pay all of our bills.

    And yet these companies, both big and small, can't survive a month? That doesn't make you wonder?
    They aren't SUPPOSED to - especially if they are publicly owned.
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  2. #32
    Chairman of the bored Postmort3m's Avatar
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    Originally Posted by Bushmaster View Post
    Oh, so it's TRUMP's economy now.. Odd, I could have sworn you all said it was Obama's before all this started.
    On multiple occasions.......
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  3. #33
    Jacques Rhott Bushmaster's Avatar
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    Originally Posted by Postmort3m View Post
    On multiple occasions.......
    Ecto even had graphs.. That he posted over, and over, and over.
    "Do you think SHE actually felt like that was a sexual thing he was doing? She's like 6. Only an actual p3do would think that she thought he was groping her, too."

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  4. #34
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    Get some hobbies old man. I cannot ever imagine being in my fifties and feeling a sense of smug satisfaction as millions lose their livelihoods just so I can declare some victory in my head over a politician.
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  5. #35
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    OP has gone full retard.

    Every state is on lockdown and cops can arrest you for going anywhere besides food necessities, and this leftist TDS retard acts shocked that people are out of work now and file for unemployment.
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  6. #36
    Anti-Circumcision JoshSP1985's Avatar
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    Originally Posted by SillieBazzillie View Post
    AGAIN. We could generate $0 cash for 5 phuking months and still pay all of our bills.

    And yet these companies, both big and small, can't survive a month? That doesn't make you wonder?
    Or maybe they're not using cash they don't need to use and would prefer to shutdown?

    Should we force companies to pay workers when they're ordered to be shutdown?
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  7. #37
    Registered User RIKTER's Avatar
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    Originally Posted by SillieBazzillie View Post
    So 10M these last two weeks.

    We've been locked down for less than 3 weeks and our great economy can't even withstand a couple of weeks of little revenue.

    Really makes one wonder.
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  8. #38
    Md, Misc, Old-Brah SillieBazzillie's Avatar
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    And as usual most of you miss the point. EVERY business, just like a family, should have enough cash on hand to withstand lean times.

    And stop with the Obama/Trump thing. I didn't even bring Trump up other than to point out how ridiculous his economy claims were.

    And this is not about people, it's about businesses both big and small. So y'all think it's ok for small business to not have any cash on hand, what about the airlines for example? They shouldn't be able to handle a few weeks of no revenue?

    Note you don't hear about googe/apple/microsoft laying people off. Why? Because they're sitting on a ton of cash.
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  9. #39
    Unregistered User Cleveland33's Avatar
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    Originally Posted by SillieBazzillie View Post
    And as usual most of you miss the point. EVERY business, just like a family, should have enough cash on hand to withstand lean times.
    You mean withstand lean times without taking measures, such as laying workers off. Which is wrong.

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  10. #40
    Spurs/Bills/Yankees GooBaaa's Avatar
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    Originally Posted by Dan_S View Post
    What? Only poorly run companies do this.

    Cash not being utilized is cash not being reinvested into the business to make more money.
    I don't think so lmao

    My business is far from poorly run and I have a business account with enough money to cover pretty much anything.
    Infact I've been thinking about shutting down for a few months to get get caught up on some personal time

    Too many businesses run on credit and it's sad lol
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  11. #41
    Chairman of the bored Postmort3m's Avatar
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    Originally Posted by Bushmaster View Post
    Ecto even had graphs.. That he posted over, and over, and over.
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  12. #42
    Md, Misc, Old-Brah SillieBazzillie's Avatar
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    Originally Posted by GooBaaa View Post
    I don't think so lmao

    My business is far from poorly run and I have a business account with enough money to cover pretty much anything.

    Too many businesses run on credit and it's sad lol
    Of course. Again, notice the cash rich businesses are not laying off.
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  13. #43
    Unregistered User Cleveland33's Avatar
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    Originally Posted by GooBaaa View Post
    I don't think so lmao

    My business is far from poorly run and I have a business account with enough money to cover pretty much anything.
    Infact I've been thinking about shutting down for a few months to get get caught up on some personal time

    Too many businesses run on credit and it's sad lol
    It depends on the size. Sillie is of course implying this to large corporations - and if they are publicly owned they are not sitting on cash reserves for a reason.
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  14. #44
    The Gh0st Nelly87's Avatar
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    Originally Posted by SillieBazzillie View Post
    Most well run companies stockpile enough cash to handle the inevitable downturn in business. Here, small and large businesses have seen a huge drop in revenue, but they can't carry their expenses for even a couple of weeks?

    My company had 200 DCOH prior to this, and even with the stock market crash we still have 140 days. That means we could generate $0 new cash and still meet all of our expense for almost 5 months.

    I'm just surprised that in this booming economy that businesses can't even hold out for a month or two before mass layoffs.

    And this is not anti-Trump (other than his idiotic "best economy ever nonsense"), it's a statement about how economy is a phuking house of cards and how the workers always get phuked first and rewarded last.
    Some are also doing it on purpose so that their employees can get the assistance that was just signed/processes in place as they don't know how long this will last. It keeps getting extended. When you also look at how many businesses are new and trying to grow that got impacted. There's a lot more to the numbers and context that you're leaving out to push your point. Come on hair bruh you're better than this.
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  15. #45
    Platinum User chaunce54's Avatar
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    Originally Posted by SillieBazzillie View Post
    Of course. Again, notice the cash rich businesses are not laying off.
    lol, they know they are going to get that interest free loan, not because they are "cash rich".

    A small business that is barely scraping by isn't going to be able to afford to make loan payments, even if the loan is interest free.
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  16. #46
    Unregistered User Cleveland33's Avatar
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    Originally Posted by SillieBazzillie View Post
    And this is not about people, it's about businesses both big and small. So y'all think it's ok for small business to not have any cash on hand, what about the airlines for example? They shouldn't be able to handle a few weeks of no revenue?

    Note you don't hear about googe/apple/microsoft laying people off. Why? Because they're sitting on a ton of cash.
    They aren't laying people off because their people are still working.

    Airlines are running flights with 4 people on board - they are still working but losing money.

    I am willing to be the vast majority of those filing unemployment were working in the service industries.
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  17. #47
    Md, Misc, Old-Brah SillieBazzillie's Avatar
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    Originally Posted by Nelly87 View Post
    Some are also doing it on purpose so that their employees can get the assistance that was just signed/processes in place as they don't know how long this will last. It keeps getting extended. When you also look at how many businesses are new and trying to grow that got impacted. There's a lot more to the numbers and context that you're leaving out to push your point. Come on hair bruh you're better than this.
    I am by no means saying that a massive uptick in unemployment wasn't expected. I'm just stunned how unprepared so many businesses are.
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  18. #48
    Trolling the trolls..... dabbmw2002's Avatar
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    Originally Posted by SillieBazzillie View Post
    AGAIN. We could generate $0 cash for 5 phuking months and still pay all of our bills.

    And yet these companies, both big and small, can't survive a month? That doesn't make you wonder?
    Do you not understand the complexity of small business and the margins that many run on in order to be competitive? What sector are they in? Do they receive government contracts? Are they national or regional? Do the offer essential services? Is their supply chain national or international? What are the state labor laws?

    If you honestly believe that an average small business has 5 months, or should have 5 months of cash in hand to operate without zero profit, you're high. Second, if a small company does have that reserve cash and you own that small company, what makes more sense......laying everyone off so they can collect unemployment or running your reserves dry and going completely broke?

    I'm happy that your company can survive and pay peoples salary but comparing your company to other companies in an economy as diverse and complex as ours is completely derp derp.
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  19. #49
    Platinum User chaunce54's Avatar
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    Originally Posted by SillieBazzillie View Post
    I am by no means saying that a massive uptick in unemployment wasn't expected. I'm just stunned how unprepared so many businesses are.
    What? The precedent has already been set for a government bailout to be their DR/BC plan...
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    Md, Misc, Old-Brah SillieBazzillie's Avatar
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    Originally Posted by dabbmw2002 View Post
    Do you not understand the complexity of small business and the margins that many run on in order to be competitive? What sector are they in? Do they receive government contracts? Are they national or regional? Do the offer essential services? Is their supply chain national or international? What are the state labor laws?

    If you honestly believe that an average small business has 5 months, or should have 5 months of cash in hand to operate without zero profit, you're high. Second, if a small company does have that reserve cash and you own that small company, what makes more sense......laying everyone off so they can collect unemployment or running your reserves dry and going completely broke?

    I happy that your company can survive and pay peoples salary but comparing your company to other companies in an economy as diverse and complex as ours is completely derp derp.
    Where did I say EVERY company should be able to survive 5 months? Do you think even small companies even having a months cash on hand is asking too much?
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  21. #51
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    Originally Posted by Cleveland33 View Post
    They aren't laying people off because their people are still working.

    Airlines are running flights with 4 people on board - they are still working but losing money.

    I am willing to be the vast majority of those filing unemployment were working in the service industries.
    My daughter works in a popular shoe store in a mall, she has not lost her job but her company told her to apply for temporary unemployment to the state as she would get more money than the employer would give while on furlough. She will be back at her job and off unemployment as soon as we are able to go back to work.

    Im sure there are similar situations going on all over the country
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  22. #52
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    Originally Posted by Procta View Post
    My daughter works in a popular shoe store in a mall, she has not lost her job but her company told her to apply for temporary unemployment to the state as she would get more money than the employer would give while on furlough. She will be back at her job and off unemployment as soon as we are able to go back to work.

    Im sure there are similar situations going on all over the country
    That's a great example. And it does explain what many companies could be doing.
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  23. #53
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    Originally Posted by SillieBazzillie View Post
    Where did I say EVERY company should be able to survive 5 months? Do you think even small companies even having a months cash on hand is asking too much?
    For a bar or restaurant they aren't carrying enough to cover tips that the staff would have made.
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    Originally Posted by SillieBazzillie View Post
    That's a great example. And it does explain what many companies could be doing.
    so telling their employees to apply for unemployment?

    Doesn't that contradict your original post?
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    Originally Posted by Cleveland33 View Post
    For a bar or restaurant they aren't carrying enough to cover tips that the staff would have made.
    omg...I never even suggested that one size fits all!

    You're pissing me off Cleve...
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  26. #56
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    Originally Posted by Cleveland33 View Post
    so telling their employees to apply for unemployment?

    Doesn't that contradict your original post?
    I already said that his point would explain some of the massive increase and was something I hadn't considered.
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    Originally Posted by BullittEV View Post
    Cool, youre just one of those partisan hacks that takes a worldwide pandemic started by a country across the world and applies it purely to domestic politics.

    Grow up, Sillie. No economy on earth is set up to handle this. If you want to cry about Trump for some daily mouth foaming, just say so, it would at least be less cryptic and honest.
    This should be the end of the thread.
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  28. #58
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    Originally Posted by SillieBazzillie View Post
    omg...I never even suggested that one size fits all!

    You're pissing me off Cleve...
    I am sorry that you are wrong so often
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  29. #59
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    Originally Posted by SillieBazzillie View Post
    You're pissing me off Cleve...
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    Originally Posted by SillieBazzillie View Post
    Where did I say EVERY company should be able to survive 5 months? Do you think even small companies even having a months cash on hand is asking too much?
    Restaurants are the worst when it comes to having money on hand lol I stopped servicing most because they are always 30 days late. The last restaurant I dropped told me not to cash the check till the following week because they wouldn't be able to make payroll, meanwhile they are charging 35+ a plate and the owner drives a brand new GMC. I cashed it anyways wasn't my problem
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