re: #306 3 wood

Good morning.

The market jumped yesterday on some good news about real estate and construction, and so far the futures are pointing up for this morning.

Oil is up to $60 a barrel.

Look for a whole bunch of car dealerships to declare bankruptcy. These closed dealerships are being forced to eat the inventory that was shipped to them and is sitting on the lot. For your larger dealers this is a matter of millions of dollars.

Could wind up dragging Ford into bankruptcy court if the dealers start dumping inventory. Ford already has to contend with competing against companies with streamlined dealership networks, while it’s own remain bloated.

The airlines did the same thing back in the 80s. Once a couple of them entered bankruptcy, most of the rest followed, just to stay competitive.