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Thread: Martin archery being liquidated

  1. #1
    Monster Buck
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    Martin archery being liquidated

    JGM - Home

    There was an article saying they had a $4 million debt & Walla Walla was trying to buy the buildings to lease back to reduce their debt.

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    Dominant Buck archer36's Avatar
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    Another great company going down. Horton went a few month's ago. Seems if you don't spend tons of $$$ advertising and give away tons of stuff to "pros", you can't make it.
    Mr Hyde likes this.

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    Non Typical dubow's Avatar
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    That's a shame, they made a nice bow, killed a lot of deer with my Cougar back in the 90's.

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    Monster Buck
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    Still have my warthog.

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    Non Typical electricstart's Avatar
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    Very sad to hear, great company at one time

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    Quote Originally Posted by Cousin Brown View Post
    Still have my warthog.
    wow, I had a warthog as well. great looking bow. not the fastest.
    Hunting the Wild's of New Jersey!

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    Non Typical
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    It seems nuts to me, how can one Co, let another Co get 4 million in the hole, why would they not cut them off long before that, you see it all the time, this Co or that Co is x amount of millions in the hole, it is nuts.

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    Fawn mchaplin71's Avatar
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    I love my Martin Threshold - for an entry level bow it is GREAT - I actually use it above all others in the collection. - very sad news

  9. #9
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    Quote Originally Posted by buckhunter View Post
    It seems nuts to me, how can one Co, let another Co get 4 million in the hole, why would they not cut them off long before that, you see it all the time, this Co or that Co is x amount of millions in the hole, it is nuts.
    A lot of it has to do with the terms for payment on procurement contracts. Often times large companies are given 30-45 days and sometimes longer to pay for goods or services they use for business. It's nothing for a company to issue purchase orders in excess of what they currently have on hand, banking on the fact that they should have the monies to pay their payables within the period that they have to pay for the materials. Once a company falls behind on payments it's a tough situation. Most often companies like this one will have a large line of credit extended to them for materials, operating costs etc. and when sales drop off or unforeseen bumps in the road pop up the creditor is left holding the bag. $4 million in debt could easily be accrued in a short period of time by a large company and sometimes the red flags don't pop up until someone is 90days past due depending on how the accounting software is set up so they could of potentially issued purchase orders with suppliers for 3 months before anyone caught on that they weren't fulfilling there obligations. It's a lot different than the standard economics of running a household.
    Deuce N Ducks likes this.
    "I prefer dangerous freedom over peaceful slavery."- Thomas Jefferson

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    Rack Buck donttreadonme's Avatar
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    i wonder what bow uncle ted will use now he was a martin guy

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