Thread: Tomy bankrupt
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Old 04-30-2003, 01:00 PM
starion_999's Avatar
starion_999 starion_999 is offline
Gecko! not Geico...
 
Join Date: Dec 2002
Location: Vallejo,CA
Posts: 81
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.
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