Bad news for Holley - again! - Page 2

Greg Hill · 09-29-2009, 07:41 AM

Great post Alan. The well run family owned companies will make it through this downturn fine.

Bart Kilraine · 09-29-2009, 08:13 AM

Jeff King is related to Bernie Madoff ???

Michael Beard · 09-29-2009, 08:15 AM

Quote:

Originally Posted by Alan Roehrich

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?

09-29-2009, 07:41 AM	#11
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 68 Liked 279 Times in 68 Posts	Re: Bad news for Holley - again! Great post Alan. The well run family owned companies will make it through this downturn fine. __________________ Greg Hill 4171 STK

09-29-2009, 08:13 AM	#12
Bart Kilraine Member Join Date: Mar 2002 Location: Carrolltown,PA Posts: 118 Likes: 0 Liked 11 Times in 6 Posts	Re: Bad news for Holley - again! Jeff King is related to Bernie Madoff ???