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by justin_vanw
2826 days ago
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> This is something that can't realistically happen for a furniture plant. You can't pile up furniture up to the sky without paying your wood suppliers. Have you ever seen $300MM worth of wood? I specifically said the owner had pumped a huge amount of money in the company. |
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Well, I'm not sure about wood, indeed, but I guess specials species can cost a lot. But I definitely saw $300MM of metal in a single stocking rack, not even speaking in terms of machines and buildings.
> I specifically said the owner had pumped a huge amount of money in the company.
Yes, I read that but I put it apart a bit too quickly, apologies. I would love to be pointed to real cases where huge amount of cash were invested in finished-good producing plants with no sales whatsoever. Off the top of my head I can think that Tesla's industrial activity can come close to the description for the investment story, however they do sell - their problem is more of meeting the production target.
I've seen with my eyes plants coming out of nowhere [0] with banks backed cash, but they definitely had customers commands already passed.
[0] https://translate.google.com/translate?sl=auto&tl=en&js=y&pr...