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Hey Nerds: Blockchain

CH1 said:
one of my fave all time market quotes :
If you don't stay humble the market will do it for you
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By the way, I thought we were being totally humble the other day when talking about how much we were up. It was just a matter of fact convo AND I even threw in a comment about how things can change any minute just in case anyone upstairs was watching. And yet, punished anyway.
 
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LeafOfFaith said:
By the way, I thought we were being totally humble the other day when talking about how much we were up. It was just a matter of fact convo AND I even threw in a comment about how things can change any minute just in case anyone upstairs was watching. And yet, punished anyway.
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if you’re humble on ForumIce, the market thinks you’re mocking it
 
Alright buddy, here you go. I just spoke to my client, the Cintas competitor. They said that business has been very good for them throughout all this. They had only 10% of their business in restaurants/hotel customers, and they went from selling $6k of facemasks to $6M of facemasks in one quarter, and couldn't find enough sanitizer to sell, and their cleanroom business went up because of more orders. I asked him if Cintas was similar and he said they were, that they only have a small portion of their business in restaurants/hotels, and are really well run. The competitor that he said was really hurting is Aramark, which apparently has 2/3 of its business in those troubled segments and is down 80%. So I guess if you have to short something, that would be your best bet.
 
Really appreciate the intel. Thanks!
Now I know why Aramark barely bounced during the past few months
 
LeafOfFaith said:
Alright buddy, here you go. I just spoke to my client, the Cintas competitor. They said that business has been very good for them throughout all this. They had only 10% of their business in restaurants/hotel customers, and they went from selling $6k of facemasks to $6M of facemasks in one quarter, and couldn't find enough sanitizer to sell, and their cleanroom business went up because of more orders. I asked him if Cintas was similar and he said they were, that they only have a small portion of their business in restaurants/hotels, and are really well run. The competitor that he said was really hurting is Aramark, which apparently has 2/3 of its business in those troubled segments and is down 80%. So I guess if you have to short something, that would be your best bet.
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Ask your buddy of he still needs sanitizer. I can get him all he wants. They only sell in large quantities though.
 
So my "buddy" is the CFO of a massive operation. They don't do small quantities. But he was saying that in the beginning of this thing is when they were having a tough time sourcing. I think it's under control now with so many players flooding the market with their goods. I do have another client that might be in the market. Let me ask him next time I speak to him.
 
Can also get gloves but in very large quantities too. These guys deal in the 100 of millions.
 
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