[NSRCA-discussion] Hobbico Chapter 11????

[John Pavlick]

It’s just a way to stop the bleeding and bring in new money with either an outright sale of the business or through investors. It’s still not a good sign though. It means you’re too big to support yourself. Unfortunately businesses can’t just print more money like the Federal Government does… LOL

 

John Pavlick

Cell: 203-417-4971

 



Integrated Development Services

 

 

From: NSRCA-discussion [mailto:nsrca-discussion-bounces at lists.nsrca.org] On Behalf Of DaveL322 via NSRCA-discussion
Sent: Wednesday, January 10, 2018 8:33 PM
To: Michael Cohen <precisionaero at hotmail.com>; General pattern discussion <nsrca-discussion at lists.nsrca.org>
Subject: Re: [NSRCA-discussion] Hobbico Chapter 11????

 

The short of it.... Chap 11 is restructuring, not liquidation and out of business.  So the most likely scenario (short term at least) is profitable proprietary / exclusive product lines will continue and less profitable ones will go away. 

 

Regards,

 

Dave

 

Sent from my Sprint Samsung Galaxy Note5.

 

-------- Original message --------

From: Michael Cohen via NSRCA-discussion <nsrca-discussion at lists.nsrca.org <mailto:nsrca-discussion at lists.nsrca.org> > 

Date: 1/10/18 7:59 PM (GMT-05:00) 

To: NSRCA <nsrca-discussion at lists.nsrca.org <mailto:nsrca-discussion at lists.nsrca.org> > 

Subject: [NSRCA-discussion] Hobbico Chapter 11???? 

 

So, just saw Hobbico is filing for Chapter 11 bankruptcy.  Since they own Tower Hobbies and Great Planes AND are a distributor of many lines in the US, what does this mean?  I still do buy some things that aren't pattern related and even though some is from the Local Hobby Shops, if distribution is gone, what happens then?

 

Mike Cohen



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