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Tilton admits buying ALF was a mistake...

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  • Tilton admits buying ALF was a mistake...

    From Jan 8th issue of Wallstreet Journal

    Ms. Tilton also has had her share of mistakes. After buying American LaFrance, the firetruck maker, she drove down revenue by more than 50% in an effort to improve profits. Four years later, she still is trying to turn the company around.

    "That was a purchase I made more with my heart than my head," she said.
    Full article at the link below:

    http://online.wsj.com/article/SB1000...Tabs%3Darticle

  • #2
    She also put a huge strain on the supply base for the industry. None of the suppliers got paid while she sat fat and happy.
    She reminds me of the Cleveland Indians owner in Major League
    Last edited by 93Cobra; 02-15-2011, 09:24 AM.

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    • #3
      Just a rebuttal.

      From the February 14 issue of the Post Courier in Charleston, S.C.

      Manufacturing a comeback: American LaFrance CEO says business 'steadily improving' after fits and starts.
      Full article at the link below:

      http://www.postandcourier.com/news/2...lafrance-ceo1/
      Last edited by Fyrtrks; 02-15-2011, 11:46 AM.
      Fyrtrks

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      • #4
        The chick apparently makes many "mistakes"

        http://infoseekchina.wordpress.com/2...n-wall-street/

        The scandal of indicted Xinhua Finance founder Loretta Fredy Bush burned some of the sharpest minds on Wall Street, including one of the richest self-made women in the U.S.

        Who says there is no justice. And the Chicoms involved. Impossible.

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        • #5
          Originally posted by neiowa View Post
          The chick apparently makes many "mistakes"

          http://infoseekchina.wordpress.com/2...n-wall-street/

          The scandal of indicted Xinhua Finance founder Loretta Fredy Bush burned some of the sharpest minds on Wall Street, including one of the richest self-made women in the U.S.

          Who says there is no justice. And the Chicoms involved. Impossible.
          One cannot have become "one of the richest self-made women in the U.S." without taking some risks. In the end no one wins 100% of th time, except maybe Charlie Sheen, but I think that's the Tiger blood.

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          • #6
            Tilton in Forbes

            Forbes magazine has been running a series of articles on Ms. Tilton which have not been very flattering. They also tend to make investors and bond holders in her company very uncomfortable about their money.

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            • #7
              Not cool to Dis your girlfriend Tomcat,hehe T.C.

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              • #8
                Local dealer, red storm, is going to sell their products.

                I have to go by and see the back stroking.

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