Beechcraft sold

Robert M. Gary wrote:
Newps wrote:

Mxsmanic wrote:


The objective is probably to dismantle and liquidate the company.

You're an idiot. Why would someone spend all that money to liquidate
the company? They've already spent many, many times what the company
assets are worth buying it.


I don't know that to be true, is it? How many times earnings did it
sell for? Does anyone know earnings? Perhaps they were bought for the
dividend value of parts.

It's a myth that any company is bought to simply liquidate it. Doesn't
happen. Never makes financial sense. What the buyer may do is sell the
units that are not core to the business. So take Raytheon as an
example. Is Beech a core business for them or does it simply drain
company resources?



The whole thing is sad. The fact that Piper beat Beech to announce a
jet tells you something.



Hello? Beech has had a jet for a long time. Or did you mean a newer
jet design?