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#70570 - 10/10/06 02:43 PM Going Once Going Twice Sold
LK Offline

Member

Registered: 01/21/03
Posts: 1721
Loc: New Jersey
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.

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#70571 - 10/10/06 02:46 PM Re: Going Once Going Twice Sold
Dnkldorf Offline
Member

Registered: 12/12/04
Posts: 1091
Loc: nowhere usa
Les, who is the secured holder?

Any info on them?

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#70572 - 10/10/06 02:54 PM Re: Going Once Going Twice Sold
LK Offline

Member

Registered: 01/21/03
Posts: 1721
Loc: New Jersey
Not sure if it is a bank or a holding company, remember they have an MCI South company also.

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#70573 - 10/10/06 03:03 PM Re: Going Once Going Twice Sold
Dnkldorf Offline
Member

Registered: 12/12/04
Posts: 1091
Loc: nowhere usa
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).]

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#70574 - 10/10/06 04:35 PM Re: Going Once Going Twice Sold
Tiger Offline
Member

Registered: 05/04/05
Posts: 714
Loc: Crystal Lake, IL USA
It's amazing that a company could have that many trucks and not have the business sense to make money with them.

Dave

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#70575 - 10/10/06 04:43 PM Re: Going Once Going Twice Sold
iwire Offline
Moderator

Registered: 01/05/03
Posts: 4343
Loc: North Attleboro, MA USA
Oh yeah I want to arrive to work in this.



How embarrassing.
_________________________
Bob Badger
Construction & Maintenance Electrician
Massachusetts

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#70576 - 10/10/06 04:44 PM Re: Going Once Going Twice Sold
mahlere Offline
Member

Registered: 11/17/05
Posts: 514
Loc: New Jersey
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.

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#70577 - 10/10/06 05:04 PM Re: Going Once Going Twice Sold
Tiger Offline
Member

Registered: 05/04/05
Posts: 714
Loc: Crystal Lake, IL USA
Sounds like a cash flow accident waiting to happen...we're doing $10,000,000 a year (and loosing $500,000 a year).

Dave

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#70578 - 10/10/06 05:09 PM Re: Going Once Going Twice Sold
renosteinke Offline
Cat Servant
Member

Registered: 01/22/05
Posts: 5305
Loc: Blue Collar Country
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!

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#70579 - 10/10/06 05:23 PM Re: Going Once Going Twice Sold
LK Offline

Member

Registered: 01/21/03
Posts: 1721
Loc: New Jersey
"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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