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-   -   Bad news (ESTES) (http://www.oldrocketforum.com/showthread.php?t=17070)

the mole 01-10-2018 03:49 PM

Bad news and now Good news (ESTES)
 
I'm hoping this isn't bad news for ESTES. :confused:

http://www.news-gazette.com/news/lo...yoffs-next.html

BEC 01-10-2018 04:04 PM

Oh. My.

astronwolf 01-10-2018 05:07 PM

Need some blue skies right about now.

jeffyjeep 01-10-2018 06:11 PM

This news sounds really bad.

ghrocketman 01-10-2018 06:38 PM

Not good and possibly realllllllly bad.

UMRS 01-10-2018 06:52 PM

John Boren said it will be weeks before they know the impact.

the mole 01-10-2018 07:41 PM

Man, I was hoping ESTES would rerelease the 1/100 Saturn 1B. Now that might not happen before things get complicated. Keeping my fingers cross ESTES keeps going.

BEC 01-10-2018 09:08 PM

Quote:
Originally Posted by UMRS
John Boren said it will be weeks before they know the impact.


Ah.....I had been holding back even asking the folks in Penrose figuring exactly that. Much depends on what the court does, I expect.

MarkB. 01-10-2018 10:59 PM

Comrades:

Betcha Estes/Centuri gets spun off and sold separately to generate funds for the core Hobbico operation. I'd guess they want to protect the distributorship for big ticket items like drones.

Since Estes is more or less a free-standing entity, (or it appears to be) it should be quick and easy.

modeltrains 01-10-2018 11:17 PM

here's Hobbico's own web post on the matter, https://www.hobbico.com/company-news.php

Though having been a hobby retailer, last time about a decade back, I no longer keep up with happenings there. Guess it is going to be a case of "Stay tuned for further developments"


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