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#70570 - 10/10/06 05:43 PM Going Once Going Twice Sold  
LK  Offline
Member
Joined: Jan 2003
Posts: 1,429
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.


Work Gear for Electricians and the Trades

#70571 - 10/10/06 05:46 PM Re: Going Once Going Twice Sold  
Dnkldorf  Offline
Member
Joined: Dec 2004
Posts: 1,064
nowhere usa
Les, who is the secured holder?

Any info on them?


#70572 - 10/10/06 05:54 PM Re: Going Once Going Twice Sold  
LK  Offline
Member
Joined: Jan 2003
Posts: 1,429
New Jersey
Not sure if it is a bank or a holding company, remember they have an MCI South company also.


#70573 - 10/10/06 06:03 PM Re: Going Once Going Twice Sold  
Dnkldorf  Offline
Member
Joined: Dec 2004
Posts: 1,064
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).]


#70574 - 10/10/06 07:35 PM Re: Going Once Going Twice Sold  
Tiger  Offline
Member
Joined: May 2005
Posts: 706
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


#70575 - 10/10/06 07:43 PM Re: Going Once Going Twice Sold  
iwire  Offline
Moderator
Joined: Jan 2003
Posts: 4,391
North Attleboro, MA USA
Oh yeah I want to arrive to work in this.

[Linked Image]

How embarrassing. [Linked Image]


Bob Badger
Construction & Maintenance Electrician
Massachusetts

#70576 - 10/10/06 07:44 PM Re: Going Once Going Twice Sold  
mahlere  Offline
Member
Joined: Nov 2005
Posts: 507
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.


#70577 - 10/10/06 08:04 PM Re: Going Once Going Twice Sold  
Tiger  Offline
Member
Joined: May 2005
Posts: 706
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


#70578 - 10/10/06 08:09 PM Re: Going Once Going Twice Sold  
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
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! [Linked Image]


#70579 - 10/10/06 08:23 PM Re: Going Once Going Twice Sold  
LK  Offline
Member
Joined: Jan 2003
Posts: 1,429
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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