I was speaking with one of our members yesterday and he said; “I wish that XXXXXXX pumping company would go out of business and just be gone forever.”

I didn’t want to be the guy to rain on his parade, but………….

The company of which he spoke is rather large. He has, no doubt, gone head to head with them and lost work to them. That being a given, what effect would their going out of business have on his company? I shudder to think.

Just for the sake of conversation let us say that this company has 500 concrete pumps. Can you imagine the glut in the used market if that many machines hit the auction block?

What would the value of your fleet be if that were to happen? What would your debt to equity situation be? How long would it be until the price of used pumps came back to any level acceptable to the financial community?

So, in the ugly reality of the world today, having that major player go belly-up would be your worst nightmare.

Like it or not

We are all in this together

Help yourself and your competition by keeping your prices up. ;~)

Bob,

hate to disagree but.....

let them go under,  I really doubt that 500 pumps would go on ""the block ""   rather bits and pieces, ie. branches or regions would be purchased by a stronger, better managed company, the remainder would be auctioned by the banks.

Don't know what company you are talking about but I'm willing to bet you a nickel that either 1) they are a dealer that is stuck buying a certain number of machines   2) they are pumping mud just to use the machines without regard to pricing  3) ego, as opposed to good financial sense made them keep iron, instead of downsizing in the past year and 1/2.

Do agree with you,   and yes I'm doing it,   KEEP PRICES UP AND RAISE WHERE POSSIBLE !!!!!

steve

tristatepumping@gmail.com

  G-man 

Steve, you may be right. I wonder who the bank would trust to take over a large company. I know that I would not want to work for a company that was run out of some loan officer's office.

Any way you cut it, we are often times our own worst enemy. Keeping/esclating price is good.

Hope you are hanging in there. ;~)

When is our government bailout comming.  I voted for our president five times and he has not sent me a check yet.  Just kidding

You don't need a bailout. I gotcha back. I read a book on how to 'take care' of your friends; it goes like this..........

Y'all each send me $10.00 per week and in one year I will send each of you $100.00 every week.

The book was by some guy named Mad at or Madsomething, I don't exactly remember; but it soundes good to me. ;~)

I was very fortunate in life to have a very wise grandfather who told me if something is free or sounds too good to be true it is bull#@!$.  Decided along time ago not to try to get rich in the stock market,  put my money in low intrest cd's  people made fun of me for along time.  Not so much anymore because I still have all my money and they drink like a fish trying to forget they lost half thier life savings.  Thanks Dada You were a very wise man to have a eighth grade educactio