02-19-2009, 02:08 PM
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Del Mar
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Join Date: Jun 2006
Location: Nothing could be finer
Posts: 5,140
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Who would lend that kind of money to these people? No wonder the economy is in the tank
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Originally Posted by Suffolk Shippers
If you logged on today, knew nothing of horse racing, Magna, Stronach, etc and you read this paragraph in the Heg piece, you'd have to be floored and wondering how on earth this company is still afloat:
-$500,000,000 lost over five years
-$500,000,000 in debt
Words cannot describe how poorly run Magna is...numbers do the trick.
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__________________
Don't sweat the petty things and don't pet the sweaty things.
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