Most construction companies are saddled with huge debt / inventories on their books. This has been the case for the past few years, because demand is not picking up as hoped for by the builders.
Companies all over the world slash prices to clear inventories and to clean up the clogs. It is time that our builders learnt some basics of modern-day business tactics and strategies and slash prices to swiftly clear up their unsold stocks and clean up their balance sheets. Were they to do this, they would find the market reviving and expanding (something like the last recession when the banks sold off stocks).
The government can also play its part by "advising" the builders. If the builders do not pay heed, it can "advise" the banks and financial institutions.
Victor
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Posted by: Victor Cooper <victor99cooper@yahoo.com>
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