(Topic ID: 18094)

My brush w/ Mr. Jersey Jack himself

By KrustyBurger

11 years ago


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  • 53 posts
  • 36 Pinsiders participating
  • Latest reply 11 years ago by RobT
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    #20 11 years ago
    Quoted from DCFAN:

    Also, I don't have a strong feeling that Gary will stay in the business very much longer. The way they are churning out games feels like he is doing a money grab before he sells off the company.

    So, by upping the quality of his product, upping his production, diversifying his product for the home collector (LE models), and actually securing licenses people want to play . . . you take from that that he is somehow doing a pump and dump when there are ZERO strategic entities that appear situated to want to acquire a pinball company.

    That logic makes little sense to me . . .

    #29 11 years ago
    Quoted from DCFAN:

    Also, just about any profitable business is attractive to some potential investors.

    This is absolutly not correct. Nitch businesses with an international market that are labor intensive are challenging to liquidate . . . even more so when there is no one else really in the sector (JJP is still in start up phase and I would not count him - his own survival remains far from a certainty though we all wish him well).

    Quoted from DCFAN:

    Stern will turn 67 years old this month. How long do you think he will stay in pinball?

    66 is not too old to do what he is doing; I assume he is healthy. Regardless, we don't know what type of debt is out there on Stern (as a company) that Gary may have personally guaranteed and need to continue to service through keeping operations running along . . . he could well be stuck in the company for the forseeable future. We don't know what we don't know . . . if you understand what I am saying there . . . and to assume he has an impending exit with no basis other than he is reving up his operations (which is a good thing for all of us) is just an odd assumption.

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