The Original NY Racing Community
AQUEDUCT - Racing Since 1894
It is currently Wed Dec 13, 2017 10:48 am

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 3 posts ] 
Links: Handicapping | General Racing Discussion | Off Topic | Photo Forum
Author Message
 Post subject: TOYS ARE US.MAY FILE FOR BANKRUPTCY
PostPosted: Mon Sep 18, 2017 4:29 pm 
Offline

Joined: Mon Nov 22, 2010 9:03 am
Posts: 5703
BEFORE THE HOLIDAYS.


Top
 Profile  
 
 Post subject: Re: TOYS ARE US.MAY FILE FOR BANKRUPTCY
PostPosted: Tue Sep 19, 2017 9:11 am 
Offline

Joined: Fri Jun 05, 2009 11:28 am
Posts: 1039
Of course before the holidays...how else would you screw your distributors? Chain died 5 years ago. Garbage pickers came in and bought them for pennies on the dollar with other peoples money and now forced to pay back they will instead screw the people who supported them with inventory and goods as they "got back on their feet".

This is a crime and they should be prosecuted not rewarded.


Top
 Profile  
 
 Post subject: Re: TOYS ARE US.MAY FILE FOR BANKRUPTCY
PostPosted: Tue Sep 19, 2017 8:53 pm 
Offline

Joined: Thu May 21, 2009 12:20 pm
Posts: 943
lukeydog wrote:
Of course before the holidays...how else would you screw your distributors? Chain died 5 years ago. Garbage pickers came in and bought them for pennies on the dollar with other peoples money and now forced to pay back they will instead screw the people who supported them with inventory and goods as they "got back on their feet".

This is a crime and they should be prosecuted not rewarded.

Fake news. It's been 12 years since the buyout, and the price paid per share was at the multi-year high level, hardly pennies on the dollar. The plan was to improve the balance sheet and then spin them back to the public at a substantial profit. That's the goal of leveraged buy-outs and they tried the public offering in 2010. Unfortunately, a 1-billion pound gorilla called Amazon got in the way.

KKR, Bain, and Vornado isn't exactly "other peoples money". And I'm sure Vornado has a very substantial interest in keeping them viable to maintain the rent receipts.

There are surely some distributors that will take it on the chin, but them's the breaks.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2010 phpBB Group