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-   -   Bad news for Holley - again! (https://classracer.com/classforum/showthread.php?t=20720)

Greg Hill 09-29-2009 07:41 AM
Re: Bad news for Holley - again!
 
Great post Alan. The well run family owned companies will make it through this downturn fine.

Bart Kilraine 09-29-2009 08:13 AM
Re: Bad news for Holley - again!
 
Jeff King is related to Bernie Madoff ???

Michael Beard 09-29-2009 08:15 AM
Re: Bad news for Holley - again!
 
Quote:
Originally Posted by Alan Roehrich (Post 143249)
Their problem is that he leveraged everything they'd have made for 25 years to buy up every company he could get his hands on. They had ten times as much debt as they could service, and a poor business plan to service their debt.
Oh, c'mon, who would be massively in debt and then think that tripling that debt would be a good idea? :rolleyes:


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