Quote:
Originally Posted by mfw13
The question is what will happen when all the degenerate gamblers run out of money?
Given the ROI on buying into breaks, at some point many of these gamblers are going to go bust. What will Fanatics do then?
As I've noted on other threads, it's now been 16 years since the last major recession.....which means that most people under 40 have NEVER had to manage their finances during one. And Rubin/Fanatics have never had to manage a company through a recession either.
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Well, that’s when the big implosion in the hobby that everyone says will happen will happen.
But this bull run could continue for another decade or two - so those who have never had to manage their finances in a recession may not have to deal with it until close to their retirement, or ever in their lives.
But when it comes, there will be a crapload of excess inventory for sure.