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Anybody else starting to notice??

tdewitt

By tdewitt
in General Message Board

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tdewitt Journeyman

tdewitt

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Anybody else starting to notice that there are a growing number of companies failing? I as a subscriber to a few auction companies that do by the order of the bank sales and I have been getting at least one a week and then this week I have gotten three so far.

With 2014 being the best year we have had and Jan. and Feb. being the best start to the year we have ever had I hope the trend isn't on the verge of heading the other way.

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Rocco Journeyman

Rocco

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I think its a case of people finally getting tired of just "holding on" and their banks getting tougher on financing. Plus with the internet & direct mail we hear about all sorts of auctions that in times past wouldn't have been known to us. For example, we regularly get notices about equipment auctions all the way out in CA and I'm in NJ.

Also, the "by order of bank" could mean most anything. The Bank of My Wife is ordering me to sell off my other toys if I want to buy a boat.

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plyda Apprentice

plyda

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What auction companies are you all subscribed to that have Sign Equipment? I am on a few but rarely see sign companies... a lot of printers and machine shops.

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