@onhwy61 possible but it depends on who purchases the company.
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@onhwy61 You are correct. Which is why I said someone at the factory and closed their doors for good...I should have added..an authorized person. |
I believe ARC’s sales were $71M last year (?). They are not bankrupt, but in receivership. With rising tube costs, inflation, interest rates, and now a downturn in the economy this creates pressure on a new owner who likely had to use debt to help buy the company. I am sure it put strain on cash. I am sure the company will survive. I have communicated with Trent over the last couple years. He is a really hard working, down to earth owner who had a vision to improve the company beyond the already great company it is. The changes I have seen have been phenomenal. The perfect storm of exogenous events have consorted to creat this cash problem. This is one of the downsides of capitalism, cash flow. Personally, as I said before, I would unhesitatingly purchase ARC stuff. In over 30 years I have never experienced a failure or experienced better sounding gear. |
- 33 posts total