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quinpeung (37.09)

February 2009

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Obama's health plan?

February 27, 2009 – Comments (1) | RELATED TICKERS: AMGN , ABT , PFE

My friend supplies widgets.  One of his buyers did not want to pay an increase that the manufacturer had imposed.  In a nutshell, buyer told my friend "The government needs these parts for their vehicles, and they can force you to supply me with the parts when the time comes".  Which is true, if the buyer's company has a contract.  So my frend replied "I'll cancel your contract on Monday, and supply you with parts for the next 30 days, as promised".  Buyer signed a new deal 3 minutes before the deadline, at the increased price.    [more]

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