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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Grocer, 70, gives stores ... » Reply #32

Response to Lucky Luciano (Reply #27)

Fri Nov 30, 2012, 11:04 PM

32. Of course, never stated otherwise. What I always question is the size of the equity.

 


I hope it works out for them, but all the hoopla about how it was "given" was a bit much, I think.THe ex-owner has significant cash in his pocket, they get ?, and we won't know until they get the cash.

Bob's Red Mill did an ESOP a couple years ago iirc, and last I looked theirs was doing well, no debt. Perhaps this one will work out too. Not all do, but in this case the guy that is "giving" the store away, and the family who he feels deserves a share too, without more work, is most likely getting millions if there is much value there.

So the family's Christmas is certain to be merry. We won't know about the others until they cash out, which is no sure thing in today's market. They could be gone in the flash of a Walmart. And it probably won't be millions for each worker either.

This is aong the lines of things I am interested in, so I may keep a lookout.

I wish them well, but that's what I call re-gifting.

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Arrow 44 replies Author Time Post
Liberal_in_LA Nov 2012 OP
yellerpup Nov 2012 #1
Booster Nov 2012 #22
yellerpup Nov 2012 #29
awoke_in_2003 Dec 2012 #38
OneGrassRoot Nov 2012 #2
LadyHawkAZ Nov 2012 #3
ChisolmTrailDem Nov 2012 #4
Barack_America Nov 2012 #5
HiPointDem Nov 2012 #6
jtuck004 Nov 2012 #10
Lucky Luciano Nov 2012 #19
jtuck004 Nov 2012 #24
Lucky Luciano Nov 2012 #27
LineLineLineLineLineLineReply Of course, never stated otherwise. What I always question is the size of the equity.
jtuck004 Nov 2012 #32
HiPointDem Nov 2012 #21
freshwest Nov 2012 #7
itsrobert Nov 2012 #15
japple Nov 2012 #20
freshwest Dec 2012 #42
awoke_in_2003 Dec 2012 #39
adieu Nov 2012 #8
Caeser67 Nov 2012 #9
femrap Nov 2012 #11
sabrina 1 Nov 2012 #12
blackspade Nov 2012 #13
midnight Nov 2012 #14
MotherPetrie Nov 2012 #16
rivegauche Nov 2012 #17
dionysus Nov 2012 #18
Iggy Nov 2012 #23
Shankapotomus Nov 2012 #28
Iggy Nov 2012 #30
flying-skeleton Nov 2012 #25
Democratopia Nov 2012 #26
ElboRuum Nov 2012 #31
glinda Dec 2012 #33
saidsimplesimon Dec 2012 #34
zaj Dec 2012 #35
Lucky Luciano Dec 2012 #41
calimary Dec 2012 #36
Odin2005 Dec 2012 #37
high density Dec 2012 #40
limpyhobbler Dec 2012 #43
AverageJoe90 Dec 2012 #44
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