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09-09-2013, 12:24 PM
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Member
Join Date: Jul 2008
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MSD bankrupt... this can't be good
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Tod Lane Swartz & Lane 66 Nova Swartz & Lane 79 H/CM Trans Am |
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09-09-2013, 01:55 PM
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Senior Member
Join Date: Jul 2007
Location: East China, MI
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Re: MSD bankrupt... this can't be good
It looks like MSD acquired some companies that are not part of their core business or they bought out competitors and/or suppliers and couldn't handle the debt caused by those purchases. The company probably expanded to quickly and incurred overwhelming debt they couldn't get out from under. This has happened to a lot of suppliers on the OEM side of the car business.
Now they want to get rid of those acquired companies to offload some of the debt and it also looks like to me they may be trying to sell the whole company to another party. Don't be surprised if they sell it lock, stock, and barrel and move the company out of the country.
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Nelson Kowal Stock 345 |
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09-09-2013, 08:19 PM
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Join Date: Jul 2008
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Re: MSD bankrupt... this can't be good
Quote:
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Tod Lane Swartz & Lane 66 Nova Swartz & Lane 79 H/CM Trans Am |
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09-09-2013, 10:13 PM
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VIP Member
Join Date: May 2006
Location: Louisville , KY
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Re: MSD bankrupt... this can't be good
Like a lot of companies. Took on a bunch of debt to buy other companies that they paid too much for an didn't understand.
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Greg Hill 4171 STK |
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