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Default Ferretti struggling to stay afloat

On Wed, 28 Jan 2009 16:00:22 GMT, Wizard of Woodstock
wrote:

You have to wonder though - that's a lot of money to be in hock for
espiecally in the boat business.

This may be more of a management problem than an economy problem.


Yes. It doesn't seem like "Work In Progress" should be more than 200
or 300MM at most. Either they became over committed on fixed plant
or were floor planning a lot of unsold inventory.
 
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