Collect Legends
Mid-Carder
Joined on: Apr 12, 2018 14:09:38 GMT -5
Posts: 126
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Post by Collect Legends on Apr 13, 2018 15:19:58 GMT -5
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nickhall006
Mid-Carder
Joined on: Oct 27, 2017 15:41:08 GMT -5
Posts: 297 
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Post by nickhall006 on Apr 13, 2018 15:37:11 GMT -5
Hoping something comes of this.
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Post by Iron Bison on Apr 13, 2018 15:38:39 GMT -5
Hoping his bid is accepted but even that is still a process in itself.
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Post by jayrod2009 on Apr 13, 2018 15:39:33 GMT -5
Sorry, $890 Million is a drop in the bucket against the $5 Billion dollar debt of the company that would be acquired. It would take the footprints of current TRU shoppers for 5 straight years to break even based off of TRU’s past 5 year financial reports. I want TRU to stick around like any other collector, but those greedy CEO’s and execs did a number on the brand and hobby that has left its footprint behind.
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Arik Cannon
Main Eventer
Elite Trader
Joined on: Jul 25, 2005 0:47:44 GMT -5
Posts: 2,758
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Post by Arik Cannon on Apr 13, 2018 16:29:33 GMT -5
I’m tired of getting my hopes up for TRU. I’ve accepted its death long ago
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Post by LA Times on Apr 13, 2018 16:31:27 GMT -5
Sorry, $890 Million is a drop in the bucket against the $5 Billion dollar debt of the company that would be acquired. It would take the footprints of current TRU shoppers for 5 straight years to break even based off of TRU’s past 5 year financial reports. I want TRU to stick around like any other collector, but those greedy CEO’s and execs did a number on the brand and hobby that has left its footprint behind. Correct. Anybody buying Toys R Us and keeping the stores open will have to assume the $6 billion debt as well and $890 million is not enough. Its just false hope at this point. |
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Post by PJ on Apr 13, 2018 16:34:28 GMT -5
This isn’t new. Pretty sure this was the same story about a month ago where he was going to buy the stores in Canada and TRU was trying to get him to purchase 200 of the better US stores also.
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Post by stc13 on Apr 13, 2018 17:12:54 GMT -5
Sorry, $890 Million is a drop in the bucket against the $5 Billion dollar debt of the company that would be acquired. It would take the footprints of current TRU shoppers for 5 straight years to break even based off of TRU’s past 5 year financial reports. I want TRU to stick around like any other collector, but those greedy CEO’s and execs did a number on the brand and hobby that has left its footprint behind. Correct. Anybody buying Toys R Us and keeping the stores open will have to assume the $6 billion debt as well and $890 million is not enough. Its just false hope at this point. I'm not an expert on bankruptcy auctions, but I don't believe that's accurate. This is a bid submitted through the Chapter 11 auction process, not a business sale. There are also bids of $1B+ for the Asian operation, and presumably will be other offers for the remaining assets in Europe and the US. If the bid is approved by the bankruptcy judge, the new company would be free and clear of the the previous debt. There's still a long, long way from this being approved and finalized. But unless there are stronger offers out there, I haven't seen anything saying it isn't a plausible option. |
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Post by BCizzle on Apr 13, 2018 17:44:09 GMT -5
I think letting TRU die and having something else take its place (without the billions of vulture capitalism debt) might actually turn out better for us in the long run.
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Post by jayrod2009 on Apr 13, 2018 18:42:39 GMT -5
Correct. Anybody buying Toys R Us and keeping the stores open will have to assume the $6 billion debt as well and $890 million is not enough. Its just false hope at this point. I'm not an expert on bankruptcy auctions, but I don't believe that's accurate. This is a bid submitted through the Chapter 11 auction process, not a business sale. There are also bids of $1B+ for the Asian operation, and presumably will be other offers for the remaining assets in Europe and the US. If the bid is approved by the bankruptcy judge, the new company would be free and clear of the the previous debt. There's still a long, long way from this being approved and finalized. But unless there are stronger offers out there, I haven't seen anything saying it isn't a plausible option. New owner consumes the debt. Banks want their money, trust that. I know a company has already purchased a set amount of Canadian stores, so as of now, Canada will still have TRU. |
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Army of Doinks
Mid-Carder
Joined on: Dec 27, 2017 14:17:58 GMT -5
Posts: 216
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Post by Army of Doinks on Apr 13, 2018 21:22:13 GMT -5
Holy crap! Only on here would someone get salty about Toys R Us getting saved. Unless you got a business degree keep it closed!
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hitman1072
Main Eventer
Joined on: Jun 9, 2005 1:43:07 GMT -5
Posts: 1,495
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Post by hitman1072 on Apr 13, 2018 22:39:00 GMT -5
Holy crap! Only on here would someone get salty about Toys R Us getting saved. Unless you got a business degree keep it closed! Unless you’ve been a registered member for at least six months, don’t tell other members what to do. How long have you been signed up? |
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deadfan
Jobber
Joined on: Feb 12, 2018 18:42:12 GMT -5
Posts: 44
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Post by deadfan on Apr 13, 2018 22:49:01 GMT -5
Holy crap! Only on here would someone get salty about Toys R Us getting saved. Unless you got a business degree keep it closed! Unless you’ve been a registered member for at least six months, don’t tell other members what to do. How long have you been signed up? Woo, man! Look at this badass! Laying down the law on this children's toy collecting forum! |
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Army of Doinks
Mid-Carder
Joined on: Dec 27, 2017 14:17:58 GMT -5
Posts: 216
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Post by Army of Doinks on Apr 14, 2018 1:56:29 GMT -5
Holy crap! Only on here would someone get salty about Toys R Us getting saved. Unless you got a business degree keep it closed! Unless you’ve been a registered member for at least six months, don’t tell other members what to do. How long have you been signed up? Salty. So very salty |
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Sting
Main Eventer
The Wolfpac
Joined on: Mar 25, 2018 14:33:11 GMT -5
Posts: 2,283
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Post by Sting on Apr 14, 2018 4:44:29 GMT -5
TRU is gone. No chance of turning the corner. Debt too large.
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hitman1072
Main Eventer
Joined on: Jun 9, 2005 1:43:07 GMT -5
Posts: 1,495
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Post by hitman1072 on Apr 14, 2018 6:32:10 GMT -5
Unless you’ve been a registered member for at least six months, don’t tell other members what to do. How long have you been signed up? Woo, man! Look at this badass! Laying down the law on this children's toy collecting forum! Apparently, angleslam’s mother signed up as well. 😀 |
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Post by Cammi Oh on Apr 14, 2018 7:25:59 GMT -5
Wouldn't he be better off using the empty stores, using a NEW name, using the buying power he has to deal with toy companies?
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Post by LA Times on Apr 14, 2018 14:35:27 GMT -5
Toys R Us has until Apr 20 to accept or decline the offer
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Post by Crossfit Jesus on Apr 14, 2018 14:37:18 GMT -5
Make them into rave locations
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Hitman Bono
Main Eventer
WF 10 Year Member
The Sunday Jeff of it all...
Joined on: Apr 2, 2002 23:16:46 GMT -5
Posts: 3,101
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Post by Hitman Bono on Apr 14, 2018 14:52:04 GMT -5
Holy crap! Only on here would someone get salty about Toys R Us getting saved. Unless you got a business degree keep it closed! Getting "salty" at someone getting "salty" only serves to smother the rest of us in sodium. I'm glad you're enjoying the site, but don't be a dick and then claim someone else is a dick for calling you a dick.. lol I'm not sure if I'd rather see Toys R Us's open back up, or Kay-Bee put toy stores back in malls. Because I don't think we (in the US) can have both. |
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