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  #31  
Old 01-12-2018, 02:11 PM
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Hey James,

Another rule of thumb is that you should reinvest in the business. Less the genius of Mr. John Boren and our other friends there I didn't notice much of that happening.
It would be interesting to know what their R&D budget did after Hobbico took over.
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  #32  
Old 01-12-2018, 04:13 PM
scigs30 scigs30 is offline
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I hope all works out for Estes and Hobbico. Just in case it does not, I did place an order yesterday for some RC kits from Tower Hobbies, and they shipped today. There is a lot of stuff on Towers website that show out of stock probably because vendors are not getting paid.
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  #33  
Old 01-12-2018, 04:34 PM
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Quote:
Originally Posted by scigs30
I hope all works out for Estes and Hobbico. Just in case it does not, I did place an order yesterday for some RC kits from Tower Hobbies, and they shipped today. There is a lot of stuff on Towers website that show out of stock probably because vendors are not getting paid.

Growing up and still living in a rural area with no hobby shops, my hobby life has long revolved around the Estes and Centuri catalogs and later the Tower Hobbies catalog when I got into R/C. I hope both Estes (Centuri) and Tower survive.
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  #34  
Old 01-12-2018, 04:36 PM
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Quote:
Originally Posted by rocket.aero
One school of thought says that a well-run company SHOULD squeeze to get every possible penny out of a business.


Well, the message I got loud and clear in business school was that our job was to "maximize shareholder value", and I certainly tried to do what I could to achieve that for the companies who employed me.
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  #35  
Old 01-12-2018, 04:45 PM
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Technically Hasbro or Mattel, both public companies have the ability to take over in a non-cash acquisition. The year 2018 is the year of the merger so their timing for filing is exquisite. The lenders will take a haircut in BK for sure.

Hey guys, want to buy back Estes as a co-op? To put this in perspective, if one were to buy the company for $5m, that's only 335 BTC.

Jerry

Historical note. Estes is typically used as a cash cow for the owner's other businesses.

A company that needs NOL's could buy it as a private deal. NOL's are Hobbico's biggest asset.

Last edited by Jerry Irvine : 01-13-2018 at 12:00 PM.
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  #36  
Old 01-14-2018, 07:55 PM
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Quote:
Originally Posted by Jerry Irvine
Hey guys, want to buy back Estes as a co-op? To put this in perspective, if one were to buy the company for $5m, that's only 335 BTC.

Jerry

Yeah, sure. Everybody send Jerry Irvine your $ to buy Estes.




Been there, seen that, never got the RMR T-shirt.....nor did anyone else.



.
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  #37  
Old 01-14-2018, 08:01 PM
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Who cares
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  #38  
Old 01-15-2018, 08:12 AM
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Revell has posted to FB that they are alive and well and the Hobbico Chapter 11 will not stop their production or new product release cycle. Therefore I would expect a similar result for Estes since as a division it is even more solvent.
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  #39  
Old 01-15-2018, 08:14 AM
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Quote:
Originally Posted by georgegassaway
Been there, seen that, never got the RMR T-shirt.....nor did anyone else.
No you didn't. You got your money back. I didn't. That particular t-shirt company went out of business taking my money in the process. All this was posted to rmr of course but you feel the need to slime me anyway. So much for ethics, George.
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  #40  
Old 01-15-2018, 08:42 AM
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Quote:
Originally Posted by pterodactyl
Another rule of thumb is that you should reinvest in the business. Less the genius of Mr. John Boren and our other friends there I didn't notice much of that happening.
It would be interesting to know what their R&D budget did after Hobbico took over.

Based entirely on what John Boren posts here I would say they are full speed ahead on new product introductions and innovation given new manufacturing processes, all pushed through their Chinese pipe.
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