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redneckford · 07-12-2008, 03:58 PM

taxpayer----I keep hearing how the Indians took all the money back to India-----I have been studying the Brennen Woods angle and very thing else involved in international trade. I am beginning to wonder if there was "any" money skimmed off. I wish that Alverez, Cobb or Beaver Creek would have some of their surrogates respond to where the money (Profit????) really went. If after they got the Indians to take it over it (The LONG Company) were they ever able to reverse the negative cash flow position that they were in when the Indians took over the company. If,for fact, they ever generated any profit after paying those high price salaries to those territory personnel and high interest rates to the Floor plan company. It takes alot of cash flow to run a far flung operation that FarmTrac had become. It is easy to blame mismanagement when we do not know the true facts over how and "why" Escorts took over the Company. (How much was owed to LG,UTB,and Same at that time)Some of the talk on the street is how the "Dealers" made all the profit on the US side of the pond and that the Factory was losing money shipping tractors to the US because of the change in the Dollar value versus foreign currency.(They are still shipping tractors to Europe, High Euro) Also that many foreign companies and manufactures do not understand US laws in regards to warranty payments and work. Did FarmTrac generate positive revenues at any time in the last five years or was it just a pyramid scheme that has played out since 1988 or so. How did they determine their sales price of tractors, was it based on a profit model or a production schedule model. Look at how K----- is trying to buy the market share at this time. Do you really think they are making alot of money per unit or trying to build a large share so that they can make a little on a large share like the oil company's are doing with each barrel of oil. $2 times a big enough number equals a large profit. What do you thunk????.-------- WHO KNEW WHAT WHEN!!!!!!----THAT IS THE ANSWER!!!!!----CAUSE IT IS OBVIOUS THAT THE DEALERS WITH ALL THIS INVENTORY DIDN'T KNOW WHAT WAS GOING ON!!!!!!!!!!!!!!!!!!!!!!

07-12-2008, 03:58 PM	#1019 (permalink)
redneckford Platinum Member Join Date: Apr 2008 Location: DeRidder Louisiana Posts: 723	Re: FarmTrac Troubles taxpayer----I keep hearing how the Indians took all the money back to India-----I have been studying the Brennen Woods angle and very thing else involved in international trade. I am beginning to wonder if there was "any" money skimmed off. I wish that Alverez, Cobb or Beaver Creek would have some of their surrogates respond to where the money (Profit????) really went. If after they got the Indians to take it over it (The LONG Company) were they ever able to reverse the negative cash flow position that they were in when the Indians took over the company. If,for fact, they ever generated any profit after paying those high price salaries to those territory personnel and high interest rates to the Floor plan company. It takes alot of cash flow to run a far flung operation that FarmTrac had become. It is easy to blame mismanagement when we do not know the true facts over how and "why" Escorts took over the Company. (How much was owed to LG,UTB,and Same at that time)Some of the talk on the street is how the "Dealers" made all the profit on the US side of the pond and that the Factory was losing money shipping tractors to the US because of the change in the Dollar value versus foreign currency.(They are still shipping tractors to Europe, High Euro) Also that many foreign companies and manufactures do not understand US laws in regards to warranty payments and work. Did FarmTrac generate positive revenues at any time in the last five years or was it just a pyramid scheme that has played out since 1988 or so. How did they determine their sales price of tractors, was it based on a profit model or a production schedule model. Look at how K----- is trying to buy the market share at this time. Do you really think they are making alot of money per unit or trying to build a large share so that they can make a little on a large share like the oil company's are doing with each barrel of oil. $2 times a big enough number equals a large profit. What do you thunk????.-------- WHO KNEW WHAT WHEN!!!!!!----THAT IS THE ANSWER!!!!!----CAUSE IT IS OBVIOUS THAT THE DEALERS WITH ALL THIS INVENTORY DIDN'T KNOW WHAT WAS GOING ON!!!!!!!!!!!!!!!!!!!!!!