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Monday, July 6, 2009

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Want a phone card? Roadside phone car vendors. They're as ubiquitous as potcakes and Kalik bottles in brown paper bags. They're also eating into sales for Quik Cell booths — also on the side of the road but there long before them. "You see them out there," Kenneth Donathan at RND Holdings told Guardian Business this week, pointing to the growing number of vendors hawking cards on street corners. "Our sales have been affected." The health of those vendors own sales may also be in question, as their expanding number leads to cannibalizing of sales. Still their growing number has everything to do with the recession and the promise of quick cash for Bahamians struggling to make ends meet. It's unclear what their exact profit margins are relative to their wholesaler and those of established competitors like Donathan who have overhead costs to contend with. Whatever their take-home pay may be, one thing is certain: BTC's pockets are bulging. Thursday, June 25, 2009