Beechcraft sold

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.

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.

The whole thing is sad. The fact that Piper beat Beech to announce a
jet tells you something. With the King Air line up, it would have been
a shoe in to get attention by offering a jet. I tend to agree with
others that its likely too late at this point. Probably just another
example of a company that found a winning formula 30 years ago and
never had the courage to change with the times. We see it all the time,
companies run into the ground because they are afraid of change.

-Robert

"Robert M. Gary" wrote in message
ups.com...

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.

The whole thing is sad. The fact that Piper beat Beech to announce a
jet tells you something. With the King Air line up, it would have been
a shoe in to get attention by offering a jet. I tend to agree with
others that its likely too late at this point. Probably just another
example of a company that found a winning formula 30 years ago and
never had the courage to change with the times. We see it all the time,
companies run into the ground because they are afraid of change.

-Robert

They had a rather bad exsperience with the Starship.

Peter

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?

Newps writes:

It's a myth that any company is bought to simply liquidate it.

It happens every day.

Companies like Onex just want to make money. They don't care how they
do it. They have no personal attachment to their acquisitions.
Either those acquisition start to generate high returns over the short
term, or they are taken apart and sold.

Never makes financial sense.

Unfortunately it often does. It just doesn't make any other kind of
sense. But money is often all that matters.

What the buyer may do is sell the units that are not core to the
business.

That's just a euphemism for what really happens.

--
Transpose mxsmanic and gmail to reach me by e-mail.

Newps wrote:
Robert M. Gary wrote:
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?

It does, but not with companies large enough to understand finance. I
never implied they bought it to liquidate it, I suggested they may have
bought it for the dividend value of parts.



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?

Light Jet to compete with all the Baron and King Air sales they will
lose.

-Robert

"Robert M. Gary" wrote in message
ups.com...

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.

The whole thing is sad. The fact that Piper beat Beech to announce a
jet tells you something. With the King Air line up, it would have been
a shoe in to get attention by offering a jet. I tend to agree with
others that its likely too late at this point. Probably just another
example of a company that found a winning formula 30 years ago and
never had the courage to change with the times. We see it all the time,
companies run into the ground because they are afraid of change.

-Robert

I dont know if you had your choice would you take a new A36 or a SR22. I
know I would take the A36.
The planes are not outdated the outdating is the price. Maybe the new
company can fix that.

Aluckyguess writes:

I dont know if you had your choice would you take a new A36 or a SR22. I
know I would take the A36.

So would I. The A36 is a known quantity, the SR22 is not. I don't
like to bet my life on unknowns.

--
Transpose mxsmanic and gmail to reach me by e-mail.

Robert M. Gary writes:

The whole thing is sad. The fact that Piper beat Beech to announce a
jet tells you something. With the King Air line up, it would have been
a shoe in to get attention by offering a jet. I tend to agree with
others that its likely too late at this point. Probably just another
example of a company that found a winning formula 30 years ago and
never had the courage to change with the times. We see it all the time,
companies run into the ground because they are afraid of change.

It may just be a pricing and marketing issue. Several of the aircraft
Beech produces are just as viable today as they were 40 years ago.
Not everyone wants a jet. Aviation is safety-oriented, and being
conservative is very safe. You may not have all the bells and
whistles, but you know exactly what you have, and what it can and
cannot do. Just look at the ancient engine designs in use--they are
probably inferior to modern engines, but they are a known quantity,
whereas introducing something completely new is risky in a domain
where a failure can easily kill people.

I rather like the idea of something so stable that it can continue for
decades and still fulfill its purpose admirably. I wish some other
domains (such as computers) were that way. It's simpler and more
economical.

--
Transpose mxsmanic and gmail to reach me by e-mail.

Beech had jets 40 years ago with their importing Hawkers
from England. Then they bought the Mitsubishi Diamond and
moved production to Kansas. Then they bought the Hawker
company line of jets. They built the Premier One and that
was long before bankrupt Piper thought of a VLJ.

Beech may survive now that Raytheon is out. Raytheon was
more concerned with major defense contracts and recreational
boating.


"Robert M. Gary" wrote in message
ups.com...
|
| 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.
|
| The whole thing is sad. The fact that Piper beat Beech to
announce a
| jet tells you something. With the King Air line up, it
would have been
| a shoe in to get attention by offering a jet. I tend to
agree with
| others that its likely too late at this point. Probably
just another
| example of a company that found a winning formula 30 years
ago and
| never had the courage to change with the times. We see it
all the time,
| companies run into the ground because they are afraid of
change.
|
| -Robert
|