It makes the financing more difficult and the cash flow tighter, and it may take some people out of expansions. But the market has had this (rate increase) built into it. It's expected. Projects that make economic sense will still be taken on.
Steve Carr
There's a lot of nice horses here, and there are a lot of buyers here. I think the foreign buyers will be as strong as ever, and I think the Americans will be, too. I think it will be a very strong sale. The horses are as strong as or better than last year.
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I would say they were very heroic. I understand the staff was efficient and professional.
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people sense market flow difficult cash projects
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