But if they have good franchises and are export-related, then those could do very well. These companies, because they could not easily get funding, have had to manage their cash flow. They are not highly geared and have chugged along and survived. In the consumer goods sector, fast-food stocks should bear watching. It's back to the basics these days.
Cheap rents help.
Even with low-end consumers you can get quick cash flow. It will be a while before high-end retailers and those in the luxury goods industry can. The year 2000. But it depends on external demand because Asia exports to the U.S., Europe and Japan. Everyone really has to work together.