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Default Equity just bought out Bankrupt Genmar

"Canuck57" wrote in message
...
On 03/02/2010 5:01 PM, Jim wrote:
Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."


I see Harry and a non-boater are trashing your boating thread, Tim.
Let me apologize for them, and add some content.
If 'Bama had bailed out Genmar, their assets wouldn't have ended up with
the Wall Street ponzi guys.
Why didn't he bail out Genmar?
1. Genmar workers are non-union, so losing their jobs isn't a tragedy.
2. Geithner and Bernacke wanted Wall Street to get the pieces cheap.

'Bama - pro-union and pro Wall Street. Ying and Yang, Sweet and Sour.
We've come to a hell of place since Ike.
Thanks for the opportunity to talk about boats.


Too bad Obama does nto care about main street middle class America.



Too bad you're ignorant.

--
Nom=de=Plume


 
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