In answer to your question , they are certainly a major...

In answer to your question , they are certainly a major contributory factor . Cost of production is another .

Don't forget that there used to be a convention that banks would not compete with main street , let alone their customers . It is clear that on home soil McQ can do whatever they please with impunity and the authorities will not interfere .

Seeing McQ as a lender is always a massive red flag . They are lender of last resort along with the convertible death spiral financiers , doorstep loan sharks and the mafia .

The SOA very nearly got through . Some investors , including me , perceive CTP as having become a play thing of McQuarrie's and that will limit the potential upside small shareholders see .