Sad side of a free market, equity funds can buy great companies, pocket millions, no hundreds of millions of real dollars - and leave a company with so much debt it drowns in debt.
Welcome to the world of hurt of Raytheon, Onyx, GS, and HBC - never mind the Hawker line has been shut down, workers have been laid off - how many Hawkers do you have to sell to service a 3+ billion dollar debt.
Never mind GS got over 10 billion in TARP funds all well destroying HBC!!, however there is zero chance the Hawker line will shut down.
A sales bluff to state they would shut it down, realistically, the 1.79 billion asking price is way to much, and buying it at that would only leave the Hawker line with an insane debt - where it already is.
At the same time, the line is worth hundreds of millions, and there is zero chance the new Beechcraft is going to walk away from hundreds of millions - in fact it'll be in the fine print of an approved bankruptcy - I doubt legally they could shut it down if they wanted to.
Anyway, it will sell, for whatever it is truly worth, six companies have bid on the entire HBC, and 'several' have returned to bid on the Hawker line. Rumoured are two Chinese groups, Nextant, Ford Motor, Cessna, and M&M India.
The Premier 1A/200 ???, Hawker 4000 ???, but the Hawkers will be fine.
Just my two cents.
Last edited by robbreid; 30th Oct 2012 at 13:58.