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On 20/03/2010 9:44 PM, Tim wrote:
12.8 mil. loss this quarter... http://www.businessweek.com/ap/finan.../D9EFUUH80.htm Obama isn't going to bail them out, unless a buddy owns them. Good move reducing the debt as they can scale down the business to fit the new times. If they couldn't reduce debt, they might as well have closed the doors. Which I am sure many in this sector have. Because recover is a Obama wet dream, this recessions losses will have a permanent long term impact on the boating industry. Bet there will not be as many on the water this summer. |
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