HES's Ristow Weighs In on Q4
Against the hopeful backdrop of a barely-up week on Wall Street and the best Monday results for stock trading in a month as prologue, the executive vice president of consumer electronics for Brand Source’s Home Entertainment Source (HES) arm, Jim Ristow, spoke at a teleconference for HES membership Tuesday morning.
Ristow noted “some light at the end of the tunnel” to the credit crunch, while he presented a selection of vendor “specials” on core flat panel screen sizes procured for the group to help them through the Black Friday period and the days preceding it.
Ristow cited news reports that lending is becoming more readily available, with the LIBOR rate – the rate at which banks lend to other banks – having dropped to 1.5 percent, close to the usual average of 1.3 percent. “The good news is that as recently as yesterday, global efforts are starting to thaw the credit freeze,” he said.