If Modine folds or is absorbed by creditors and moves out of Racine, that just may be the start of the blunt end of the pencil erasing Racine off the map.
Oh man, you got to read this. Bloomberg on Modine. The Stock is under a BUCK! They were 27.8 a year and a half ago, and the reason they defaulted was because they didn't keep their debt to equity ratio. If they can't get a waiver, they will have to file bankruptcy.
If Modine folds or is absorbed by creditors and moves out of Racine, that just may be the start of the blunt end of the pencil erasing Racine off the map.
ReplyDeleteNot to worry, logjam, KRM will save the day!
ReplyDeleteMore dribble from RJT. I would wish themclosed, but all that would do is put some good people out of work.
ReplyDeleteOh god I feel so bad about this. I feel bad because I'm almost gleeful the sorry assed (SNIP)
ReplyDeleteHeh, phew, what a rant. I seem to have some issues with this Modine place. Best I just shut up now.
Oh man, you got to read this. Bloomberg on Modine. The Stock is under a BUCK! They were 27.8 a year and a half ago, and the reason they defaulted was because they didn't keep their debt to equity ratio. If they can't get a waiver, they will have to file bankruptcy.
ReplyDeletehttp://www.bloomberg.com/apps/news?pid=20601103&sid=awFkLZBqITJI&refer=us