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New Lionel owners maybe

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  • Member since
    September 2003
  • From: Yukon OK
  • 385 posts
New Lionel owners maybe
Posted by okiechoochoo on Monday, June 14, 2004 11:56 PM
I have just read where Horizon Hobbies, who recently bought Athearn has just purchase MDC/Roundhouse. Perhaps, since they are in the buying mode, they could be interested in getting ownership of Lionel. Just a thought

All Lionel all the time.

Okiechoochoo

  • Member since
    April 2003
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Posted by Anonymous on Tuesday, June 15, 2004 2:03 PM
Sounds good, but maybe they don't want any more trouble (and liability) with UP!

Santa Fe Kent
"There is no BNSF"
About ready to switch to Lionel Postwar and Williams only.
  • Member since
    August 2003
  • 6,434 posts
Posted by FJ and G on Tuesday, June 15, 2004 2:22 PM
If the 40 something million stands, my guess would be bankruptcy to allow them to reorganize; kinda SOP. Right now, their name is worth more than their other assets.
  • Member since
    April 2004
  • From: Holland
  • 1,404 posts
Posted by daan on Tuesday, June 15, 2004 2:45 PM
Yep, bankruptcy could make sense to get rid of all the fuzz. After a time start over again without the huge debts and make profits again..
Though I doubt that the loansuppliers would allow such an action...
Daan. I'm Dutch, but only by country...

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