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-   -   Tomy bankrupt (http://tinyrc.com/forums/showthread.php?t=10693)

Zephyranthes 04-28-2003 06:56 PM

Tomy bankrupt
 
I heard rom another forum that Tomy is going bankrupt. Is this true? He also said that the new bodies might not even come out because of this.

cowfish_29 04-28-2003 07:14 PM

Wow, is that rumor STILL floating around? that came up a year ago here, too.

but, just take a look around...tomy must be going the opposite of bankrupt, they are probably rich!

AUDI-TT 04-28-2003 07:21 PM

why would they go bankrupt??? they r selling bits and accessories like crazy
have u ever wndered how much profit they make?
they make the cars for like


50 cents for car
50 cents for packaging
1 dollar for controller


and sell them for 10 dollars or more
to the stores

isk8blind 04-28-2003 08:41 PM

TOMY could never go bankrupt i mean it costs them like $2 to make the cars and they sell them for $30 there freakin rich
P.S. i went to target today MS sports $10 they must be sellin all of those cuz there gettin the pro's

AUDI-TT 04-28-2003 09:03 PM

u copied what i said
and u copied it TWICE...
lol

isk8blind 04-28-2003 09:06 PM

sorry audi i wasnt payin attentoin and i axcidentaly posted it twice sorry
EDIT see im messed up today theres somethin always messed up with me

AUDI-TT 04-28-2003 09:08 PM

did u just call me xatu?
for the love of god :p

chelboed 04-28-2003 11:30 PM

If you look around a little, I think you'll notice that Bit's are just a small percentage of Tomy's product line.

Canadian Bit 04-29-2003 06:05 AM

They also sell overpriced diecast.

starion_999 04-30-2003 01:00 PM

Wall Street Journal will explain this better I'm sure, but in short ...BANKRUPTCY is not what most perceive it to be. Meaning that when we think of the term we picture broke. That is not always the case ( even that relates to what TYPE of bankruptcy is being filed). Best example to date is here in California where our main energy provider filed bankruptcy while still maintaining a few billion in assets! That info is still easily available to research. ( Emron, Pac-Bell, etc.) They filed because they were accumulating debt faster than profit basically. Resulting in alot of screwed over companies and employees.

I'm not saying this is the same scenario for Tomy, but most companies that large are basing profits made on the market or lost there. The products we buy are to keep or increase investors more than holding the company afloat. Check out what stocks they own and control and how they are doing for a better idea.

hogjowlz 04-30-2003 01:25 PM

they also sell baby toys and a zillion other things. thats like sayin walmart is goin out of business because they dont sell enough motorworks.

ib311 05-01-2003 08:58 AM

wal-mart's going out of business? oh no!!!!!!!!!

haha only playing. :D :D :D :D

crazydave 05-01-2003 09:47 AM

I was going to say what starion_999 said.

The information of who's filing for bankruptcy has to be made available to the public, so creditors have one last chance to collect their debt. I was looking at the list, and was surprised how many major companies that seemed to be doing well, were actually filing for bankruptcy.

I forgot where that list was, I'll ask my wife.


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