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#70570 10/10/06 05:43 PM
Joined: Jan 2003
Posts: 1,429
L
LK Offline OP
Member
Charge less, and you too can have a company like this... http://www.comly.com/
Goto auction calender, then look up October 26 Sale

Check out the catalog, very interesting.

Joined: Dec 2004
Posts: 1,064
D
Member
Les, who is the secured holder?

Any info on them?

Joined: Jan 2003
Posts: 1,429
L
LK Offline OP
Member
Not sure if it is a bank or a holding company, remember they have an MCI South company also.

Joined: Dec 2004
Posts: 1,064
D
Member
I might log in on the webcast. I could use some stuff.

I went to L&L's auction awhile ago. Some of them clowns were buying stuff at the auction for just about what you could buy it new for.

One guy bought (4) greenlee 555 with EMT shoes for $4700 each. They were beat looking.

Pony threaders went for $900, no dies.



[This message has been edited by Dnkldorf (edited 10-10-2006).]

Joined: May 2005
Posts: 706
T
Member
It's amazing that a company could have that many trucks and not have the business sense to make money with them.

Dave

Joined: Jan 2003
Posts: 4,391
I
Moderator
Oh yeah I want to arrive to work in this.

[Linked Image from usaweb0.ipixmedia.com]

How embarrassing. [Linked Image]


Bob Badger
Construction & Maintenance Electrician
Massachusetts
Joined: Nov 2005
Posts: 507
M
Member
big union shop. alot of prevailing wage/government work. High material and labor costs, long waits for money. Retainage is a killer.

Low productivity, tight margins, you see where this is going.

Eventually, Peter didn't have enough money to rob to pay Paul with. They bought JRH Electric some years back - MCI South.

Not sure if it was bad business sense, or unfortunate circumstances that led to this.

Joined: May 2005
Posts: 706
T
Member
Sounds like a cash flow accident waiting to happen...we're doing $10,000,000 a year (and loosing $500,000 a year).

Dave

Joined: Jan 2005
Posts: 5,445
Likes: 2
Cat Servant
Member
Iwire... I beg to disagree. A van like that...lots of visibility, lots of working space inside .... add a wheelchair lift, and loading job boxes a breeze!

The best feature, of course, is sever seats filled with grade schoolers- great for those attic and under-house crawls! [Linked Image]

Joined: Jan 2003
Posts: 1,429
L
LK Offline OP
Member
"Not sure if it was bad business sense, or unfortunate circumstances that led to this."

Most likely both, along with manufacturing operations, leaving Jersey for a more frendly state.

Bob, do you want me to bid on that bus for you?

He had more inventory, then some of our supply houses, looking at all the ladders, i wonder why his guys, had to borrow one of our ladders on a job.



[This message has been edited by LK (edited 10-10-2006).]

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