Just When Do Rats Leave a Sinking Ship ?

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Pete44ru
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Just When Do Rats Leave a Sinking Ship ?

Post by Pete44ru »

.

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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Blaine
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by Blaine »

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. :roll: :roll:
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J Miller
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by J Miller »

They're doing something very wrong with the funds, that's for sure.

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cas
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by cas »

I think they're doing exactly what they planned.
Slow is just slow.
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pdentrem
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by pdentrem »

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.
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mikld
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by mikld »

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.
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.
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williamranks
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by williamranks »

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.
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Blaine
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by Blaine »

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.
DingDingDing....Winner. :evil:
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Griff
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by Griff »

I left CA in 1990... it hasn't improved in the interim... :twisted: :twisted: :P :P
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Merle
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by Merle »

When the cold water gets up to their feet..... :mrgreen:
Merle from PA
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BAGTIC
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Re: Just When Do Rats Leave a Sinking Ship ?

Post by BAGTIC »

The poor credit rating may reflect potential future legal liabilities more so that profit and loss.
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1894c

Re: Just When Do Rats Leave a Sinking Ship ?

Post by 1894c »

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.
+1 ... :)
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