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[quote]QUOTE: Originally posted by rrnut282 They're not that bad. Most of the time they run a tight ship and the bottom line shows it. Although I have witnessed some construction operations I would like explained. Gossip a few years ago was when UP was shopping around, UP asked how much to buy NS and NS replied, "we have more in the bank than you do, how much to BUY YOU?" [/quote] Good one! One better, years back the owner of the largest roofing contractor in California "Bryant Organization" (I think the owners name was Bill Bryant) made the same offer to the owner of the largest roofing contractor in Arizona, Texas, and Nevada, "Universal Roofing" (Name was Wayne Mullis, spelling of the last name may have suffered some) Not only did Universal make a similar counter offer, but they carried through with the threat, forming the largest roofing company in the entire world, Which Mullis called "Bryant-Universal" Within a year, the bottom fell out of the west coast roofing market, and the Bank was knocking on the door of the worlds largest roofer, looking for payment on the aquisition loan. Major assets started to get replaced with old rusty ones, the nice stuff simply vanished. Several of their crew were lamenting to me(a customer at the time) that they were afraid for their jobs. I comforted them in saying , a holding as large as Bryant Universal, the bank won't dare just close down, look at the bright side, one day soon you will be able to go home and tell your wives you all got promoted, and are working for a bank now. Legend has it that Mullis made more on the asset "shifting" than he ever did in the roof business
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