Just When Do Rats Leave a Sinking Ship ?
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Please post political post in the new Politics forum.
Just When Do Rats Leave a Sinking Ship ?
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Remington, owner of Marlin, has had it's bond rating lowered substantially:
http://www.guns.com/2015/11/23/moodys-d ... f-default/
"Remington’s rating went from B2 to a Caa1, meaning the company is now a “poor quality” investment and poses a “very high credit risk,” according to Moody’s report issued Nov. 19."
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Remington, owner of Marlin, has had it's bond rating lowered substantially:
http://www.guns.com/2015/11/23/moodys-d ... f-default/
"Remington’s rating went from B2 to a Caa1, meaning the company is now a “poor quality” investment and poses a “very high credit risk,” according to Moody’s report issued Nov. 19."
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Re: Just When Do Rats Leave a Sinking Ship ?
With guns, and ammo having been flying off the shelves for years, you have to wonder WTH is with management that they can't turn a healthy profit.
The Rotten Fruit Always Hits The Ground First
Proud Life Member Of:
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Second Amendment Foundation
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Proud Life Member Of:
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- J Miller
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Re: Just When Do Rats Leave a Sinking Ship ?
They're doing something very wrong with the funds, that's for sure.
Joe
Joe
***Be sneaky, get closer, bust the cap on him when you can put the ball where it counts .***
Re: Just When Do Rats Leave a Sinking Ship ?
I think they're doing exactly what they planned.
Slow is just slow.
- pdentrem
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Re: Just When Do Rats Leave a Sinking Ship ?
Mortgage the company, strip all the assets, convert to cash and pocket it. Leave an empty shell with all the debt and move to a tax friendly country.
Re: Just When Do Rats Leave a Sinking Ship ?
I worked for a guy that did this. He "bought" a lot of equipment on credit, hired people (very good pay), arranged a bunch of jobs (got big deposits), did a half-gassed job, didn't pay income taxes, and filed for bankruptcy, kept the deposits and sold off some of the equipment. Did all this within 4 or 5 months. He did this three times in CA under different company names.pdentrem wrote:Mortgage the company, strip all the assets, convert to cash and pocket it. Leave an empty shell with all the debt and move to a tax friendly country.
Mike
Vocatus atque non vocatus, Deus aderit...
I've learned how to stand on my own two knees...
Vocatus atque non vocatus, Deus aderit...
I've learned how to stand on my own two knees...
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Re: Just When Do Rats Leave a Sinking Ship ?
Another MBA at work. One of the dumbest things ever created was an MBA degree. They've ruined more companies than any recession. All they understand is acquisition, diversification, reducing overhead and bonuses.
Bill Ranks
I never learned from a man who agreed with me.
Robert A. Heinlein
I never learned from a man who agreed with me.
Robert A. Heinlein
Re: Just When Do Rats Leave a Sinking Ship ?
DingDingDing....Winner.pdentrem wrote:Mortgage the company, strip all the assets, convert to cash and pocket it. Leave an empty shell with all the debt and move to a tax friendly country.
The Rotten Fruit Always Hits The Ground First
Proud Life Member Of:
NRA
Second Amendment Foundation
Citizens Committee For The Right To Keep And Bear Arms
DAV
Proud Life Member Of:
NRA
Second Amendment Foundation
Citizens Committee For The Right To Keep And Bear Arms
DAV
- Griff
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Re: Just When Do Rats Leave a Sinking Ship ?
I left CA in 1990... it hasn't improved in the interim...
Griff,
SASS/CMSA #93
NRA Patron
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There is a fine line between hobby & obsession!
AND... I'm over it!!
No I ain't ready, but let's do it anyway!
SASS/CMSA #93
NRA Patron
GUSA #93
There is a fine line between hobby & obsession!
AND... I'm over it!!
No I ain't ready, but let's do it anyway!
Re: Just When Do Rats Leave a Sinking Ship ?
When the cold water gets up to their feet.....
Merle from PA
Re: Just When Do Rats Leave a Sinking Ship ?
The poor credit rating may reflect potential future legal liabilities more so that profit and loss.
Re: Just When Do Rats Leave a Sinking Ship ?
+1 ... :)pdentrem wrote:Mortgage the company, strip all the assets, convert to cash and pocket it. Leave an empty shell with all the debt and move to a tax friendly country.