Gossip!!!

[Stramash]

Confucius say a medicated Beej bring much tranqulity to mankind...

[beej]

I'm not so concerned about people drinking in a recession, more investing at the start of recession.

Its not hit Thailand yet but it will in a big way I fear, and anyone with half a brain and a bit of cash will realize this, doubt they will be letting go of their money over the next few months especially to invest in a bar.

I wish you the best of luck Bruce, its not going to be easy dealing with 20 share holders especially if your not the main one.

[GM]

To the issue of people going to bars during hard times, this is just anecdotal of course, but here in San Jose the recession has definitely reduced the downtown night crowd. I know 2 bar (not clubs) owners and both of them are seeing significantly lower headcounts. Layoffs are fairly frequent these days, and people seem to be cutting back significantly on their bar visits, although I don't think we have hit the state ave for unemployment yet. Personally I think now is the time to pick up on some very good companies cheaply. I'm dipping into solar plays and infrastructure plays. Blood in the streets... time to buy... as for investing in a bar in bkk... I guess that's a risky venture even in the best of times...

[LakeGeneve]

I'm not so concerned about people drinking in a recession, more investing at the start of recession.

Its not hit Thailand yet but it will in a big way I fear, and anyone with half a brain and a bit of cash will realize this, doubt they will be letting go of their money over the next few months especially to invest in a bar.

I wish you the best of luck Bruce, its not going to be easy dealing with 20 share holders especially if your not the main one.

And we all know the turn over rate of bars and clubs in this city. Very few last the distance, places seem to change owners, names and brands every 2/3 years.

And how many guys have come to Thailand thinking they could make squillions by opening a bar and then seeing it go bust? 7/11 is a much better bet.

Going back to the source of the story in the OP and the very sad if insipid Canadians tale, (I say insipid and who really would allow themselves to burn all of their life savings and be living on 34 baht a day), I sense that next week will bring an update of some tragic act of violence?

[teamcanada76]

Squillions....is that more than Gazillions?

[kyotokoala]

and along the same lines...who the hell spends 6 million baht on a house in Isaan? How is that even possible?

[sunsnow]

Well the thing is that people will always drink.

In good times, bigger part of population will drink in more expensive bars, to enjoy their fruits of labor.

In bad times, bigger part of population will drink in less expensive neighborhood bars, to drown their sorrow in lost fruits of labor.

My 2 satangs.

ps. Following my own course of thought, investing in bar targeting to upper middle class and rich people, not good idea in economic downturn.