Wednesday, January 10, 2018

Hobbico Bankruptcy?

On Facebook, John Boren (Estes Designer) shared this post:
HOBBICO FILES FOR BANKRUPTCY, LAYOFFS NEXT?

To see the article, CLICK HERE
Estes is owned by Hobbico . . .

5 comments:

  1. Estes operates out of Colorado. It is one of the Hobbico divisions that builds something rather than distributing it.

    The 401K/Stock gimmick would be the worse problem since stock fraud would be an expensive charge to fight in court.

    I hope Aerotech gets its alternate engine operations going. Estes may be restricted to buying supplies using cash on hand (of which they may not have much if any available).

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    Replies
    1. It would be interesting to know how Estes operates when it comes to finance. Maybe it's time to stock up on motors.

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  2. Claudia's bank holds the account for Tower Hobbies. Things are about to get really busy for that account manager.

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  3. Ugh. I guess it's time to do multiple HL runs for motors and igniters.

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