I disagree - Card Fee £115, interest if you dont pay the full balance.
Therefore not strictly for nothing.
quote:Originally posted by Missy-Tank
I disagree - Card Fee £115, interest if you dont pay the full balance.
Therefore not strictly for nothing.
You still get them on the non fee card, and you are not forced to pay any interest, so I think 'for free' is just about right.
Of course, we all know the rules regarding them before we decide to spend any money earning them also, so it is a decision we make as to go for them or not.
I disagree - Card Fee £115, interest if you dont pay the full balance.
Therefore not strictly for nothing.
You still get them on the non fee card, and you are not forced to pay any interest, so I think 'for free' is just about right.
Of course, we all know the rules regarding them before we decide to spend any money earning them also, so it is a decision we make as to go for them or not.
quote:Originally posted by willd
quote:Originally posted by miopyk
There are however some companies that see recessions as an opportunity to increase market share and put their competitors under extreme pressure and in some cases put them out of business.
VS are in a fortunate position to take advantage of the current situation but seem unwilling to take the risk. If I were in charge I would looking to go back to the innovative approach that made VS what it is today. Make your product more attractive than the competition and increase your market share. In other words invest now to take maximum advantage when the upturn comes.
That is all very well but you missed a fundamental point IMHO. None of what you mention can be done without money. If VS can't raise the money (through various means) then it can't change anything.
And that is the key point. A recession is fine if you have available cash. Just look at the housing market, one can get a real bargain at the moment but the difficulty is getting a mortgage to pay for it. If you are a cash buyer you are laughing.
I didn't think VS were that badly off after making a reasonable profit last year and as I understand it SRB has several hundred million sat in the war chest. Lets face it he made his money by taking huge risks but seems less inclined to so these days.
Miopyk[8D]
quote:Originally posted by miopyk
There are however some companies that see recessions as an opportunity to increase market share and put their competitors under extreme pressure and in some cases put them out of business.
VS are in a fortunate position to take advantage of the current situation but seem unwilling to take the risk. If I were in charge I would looking to go back to the innovative approach that made VS what it is today. Make your product more attractive than the competition and increase your market share. In other words invest now to take maximum advantage when the upturn comes.
That is all very well but you missed a fundamental point IMHO. None of what you mention can be done without money. If VS can't raise the money (through various means) then it can't change anything.
And that is the key point. A recession is fine if you have available cash. Just look at the housing market, one can get a real bargain at the moment but the difficulty is getting a mortgage to pay for it. If you are a cash buyer you are laughing.
I didn't think VS were that badly off after making a reasonable profit last year and as I understand it SRB has several hundred million sat in the war chest. Lets face it he made his money by taking huge risks but seems less inclined to so these days.
Miopyk[8D]
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