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Author: SoF101 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 476  
Subject: Re: CFSG 3Q Date: 11/9/2010 10:05 AM
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Ok, thanks. I just saw your post about "3Q, the grimness continues".

Could you tell me what would make a company write-off receivables? Is it because the people owing cannot pay thus CFSG cannot collect? Are there other reasons? Because from my understanding, the people owing are sizeable and reasonably healthy iron and steel firms that might be struggling now but should still be able to pay (albeit slowly). And for them not to pay CFSG, wouldn't they have to file for bankruptcy?

Thank you.
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