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Sun was making money, their problem was cash flow. Their primary customers were on Wall Street. They borrowed a bunch of money prior to the GFC, and right whe
by coredog64 9y ago
Sun was making money, their problem was cash flow. Their primary customers were on Wall Street. They borrowed a bunch of money prior to the GFC, and right when they needed their Wall Street customers to be placing orders to cover payments on the debt, their customers were tightening their belts.