Quote:
Originally Posted by Lt Keefer
Maybe, after the no compete period they will rebuild the company. It does make me wonder why they sold out to Thor. Were they in financial difficulty? Did they want to shift there warranty burden to someone else? Was it a hostile takeover? There must be more to the story.
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Probably the same thing as happens with other closely held companies. Dads too old. Gifts stock to the kids. Kids see lump sum value and have no want or desire to “work” and feel pride about something. They sell out. Take their lump sum. Go to Costa Rica and live on umbrella drinks till the money runs out. I feel Tiffin will actually improve some of Thor’s quality problems.
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