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Probably not a good thing


 



animal


 

There goes another good company to a private equity firm. I haven't heard of too many positive results when this happens. They borrow a bunch on money to purchase it, then it’s the new acquired company is saddled with that dept. Often going into bankruptcy. After it is stripped of the high profit production. China, here it comes.
Al

-----Original Message-----
From: [email protected] <[email protected]>
On Behalf Of mike allen
Sent: Thursday, March 14, 2024 7:44 PM
To: [email protected]; [email protected]
Subject: [SouthBendLathe] Probably not a good thing


company-enters-into-a-merger-agreement-with-middleground-
capital-to-become-private-company

animal





 

I can't afford to buy their stuff new , but fortunately I've been doing
real well at some of the pawn shops when I go to Reno . Last visit got
me a Starrett 823 BZ inside mic kit for $32.00 .



Those pawn shops are slowley filling my machinist tool box .

animal

On 3/14/24 5:29 PM, ww_big_al wrote:
There goes another good company to a private equity firm. I haven't heard of too many positive results when this happens. They borrow a bunch on money to purchase it, then it’s the new acquired company is saddled with that dept. Often going into bankruptcy. After it is stripped of the high profit production. China, here it comes.
Al


-----Original Message-----
From: [email protected] <[email protected]>
On Behalf Of mike allen
Sent: Thursday, March 14, 2024 7:44 PM
To: [email protected]; [email protected]
Subject: [SouthBendLathe] Probably not a good thing


company-enters-into-a-merger-agreement-with-middleground-
capital-to-become-private-company

animal








 

Nope. Probably not a good thing.

William R. Meyers, MSgt, USAF(Ret.)

Aphorisms to live by:
Good judgement comes from experience. Experience comes from bad judgement.?
SEMPER GUMBY!
Improvise, Adapt, and Overcome.
Physics doesn't care about your schedule.
The only reason I know anything is because I've done it wrong enough times to START to know better.
Expect in one hand, expectorate in the other. See which one gets full first.



On Thursday, March 14, 2024 at 06:43:40 PM CDT, mike allen <animal@...> wrote:




animal







 

Too bad. Very sorry to see this.

PG


 

They haven't made quality products in decades.? Some of the stuff I have seen was laughably bad.? Last time I bought a bore gage from them it was still made in the USA and finally I accepted the third one.? A shop bought a full set of around 6 bore gages and all were bad out of the box.
--
1969 16" x 6' South Bend Lathe
Garage full of old Mopars........