Have BLT sales stalled?

[spiceycat]

forclosures hurt any business.

hope the blt sales are still going strong.

if so there might be no more monrail dvc resort - if this one takes a long time to sell - well would forget any more monrail dvc resorts for a long, long, long time. alot longer than the 10 years I was predicting for the Polyn.

 

[hakepb]

forclosures hurt any business.

Not all businesses, especially in the long term. (although I guess they always hurt expected cashflow)

First, many loan companies worried, and were not happy if none of their loans defaulted in the last year. If no loans defaulted, then the standards are too high, and they missed making money from selling more loans. If all mortgages were guaranteed payments, they'd be the same low rate (+a small fee %) as savings accounts.

For instance, there was a "flip this house" episode where they bought a foreclosed home, to find the occupants were there. They fixed up the home, and gave the residents a second change with a reduced rent-to-own. About a year later, the owner realized he never received a payment. Gave one more chance, but the occupant bailed. In the end, because this home happend to be newly hot area, the home sold for much more than it would a year before. The owner made a bunch more profit than he would of if the occupant kept up on the rent to own, or if he sold the house a year prior.

Obviously investors are hurting now because real estate prices are falling, but DVC controlls the DVC prices, and they are not falling. DVC could almost guarantee a profit in a foreclosure if they controlled the financing and selling.

 

[BWV Dreamin]

From Reuters:


Quote:
(Reuters) - Walt Disney Co executives have been meeting this week to prepare belt-tightening measures that could include job cuts, the Los Angeles Times said, citing people familiar with the discussions.

The sources told the paper that staff reductions were being contemplated companywide.

Anne Sweeney, co-chair of Disney Media Networks, asked senior staff to recommend possible cuts in case the economy deteriorates further, according to the paper.

Other divisions have also been asked to make similar evaluations, the paper said citing one executive.

Walt Disney Co could not be immediately reached for comment by Reuters.

(Reporting by Ajay Kamalakaran in Bangalore, editing by Will Waterman)