#31
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Hey James,
Another rule of thumb is that you should reinvest in the business. Less the genius of Mr. John Boren and our other friends there I didn't notice much of that happening. It would be interesting to know what their R&D budget did after Hobbico took over.
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National Collection Images: G. Harry Stine Collection/The Museum of Flight. |
#32
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I hope all works out for Estes and Hobbico. Just in case it does not, I did place an order yesterday for some RC kits from Tower Hobbies, and they shipped today. There is a lot of stuff on Towers website that show out of stock probably because vendors are not getting paid.
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#33
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Growing up and still living in a rural area with no hobby shops, my hobby life has long revolved around the Estes and Centuri catalogs and later the Tower Hobbies catalog when I got into R/C. I hope both Estes (Centuri) and Tower survive.
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I love sanding. |
#34
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Well, the message I got loud and clear in business school was that our job was to "maximize shareholder value", and I certainly tried to do what I could to achieve that for the companies who employed me.
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A dark night in a city that knows how to keep its secrets. But high above the quiet streets on the 12th floor of the Acme Building, one man is still trying to find the answers to life's persistent questions. Guy Noir, Private Eye. Fox Valley Rocketeers: http://www.foxvalleyrocketeers.org |
#35
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Technically Hasbro or Mattel, both public companies have the ability to take over in a non-cash acquisition. The year 2018 is the year of the merger so their timing for filing is exquisite. The lenders will take a haircut in BK for sure.
Hey guys, want to buy back Estes as a co-op? To put this in perspective, if one were to buy the company for $5m, that's only 335 BTC. Jerry Historical note. Estes is typically used as a cash cow for the owner's other businesses. A company that needs NOL's could buy it as a private deal. NOL's are Hobbico's biggest asset. Last edited by Jerry Irvine : 01-13-2018 at 12:00 PM. |
#36
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Yeah, sure. Everybody send Jerry Irvine your $ to buy Estes. Been there, seen that, never got the RMR T-shirt.....nor did anyone else. .
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Contest flying, Sport flying, it's all good..... NAR# 18723 NAR.org GeorgesRockets.com Georges'CancerGoFundMe: https://www.gofundme.com/f/help-geo...ay-fight-cancer |
#37
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Who cares
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#38
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Revell has posted to FB that they are alive and well and the Hobbico Chapter 11 will not stop their production or new product release cycle. Therefore I would expect a similar result for Estes since as a division it is even more solvent.
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#39
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#40
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Based entirely on what John Boren posts here I would say they are full speed ahead on new product introductions and innovation given new manufacturing processes, all pushed through their Chinese pipe. |
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