 | | Re: LEGO® is near an agreement to sell its LEGOLAND theme parks
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| In lugnet.mediawatch, Larry Pieniazek wrote: <snip> (...) As long as we are in a speculative mood...why does TLG want to raise money. Are they contemplating opening a factory in China? Is $450M+ enough to do this? Oh, I know...they need the cash to (...) (19 years ago, 1-Jun-05, to lugnet.mediawatch, lugnet.legoland, FTX)
| | | | | Re: LEGO® is near an agreement to sell its LEGOLAND theme parks
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| (...) Ok, replying to my own post...here are some more reasons TLG might want to raise cash (all purely speculative, of course): They are going to attempt to *buy* MegaBloks KKK and family is seeking an early retirement Realizing Galidor failed (...) (19 years ago, 1-Jun-05, to lugnet.mediawatch, lugnet.legoland, FTX)
| | | | | Re: LEGO® is near an agreement to sell its LEGOLAND theme parks
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| (...) Last year 2004, LEGO had a net loss of about $335 million That might have something to do with it. Marc Nelson Jr. (URL) Marc's Creations>> (19 years ago, 1-Jun-05, to lugnet.mediawatch, lugnet.legoland, FTX)
| | | | | Re: LEGO® is near an agreement to sell its LEGOLAND theme parks
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| (...) Faced with a loss, tactical managers keep doing what they were doing but sell off valuable/strategic assets (or lay off key people) in order to raise cash to keep afloat a while longer and avoid the day of reckoning. Faced with a loss, (...) (19 years ago, 1-Jun-05, to lugnet.mediawatch, lugnet.legoland, FTX)
| | | | | Re: LEGO® is near an agreement to sell its LEGOLAND theme parks
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| In lugnet.mediawatch, Larry Pieniazek wrote: Snip (...) I think it could be extremely shrewd. The parks will always have to rely on the company for bricks and sets to sell. For example in Saint Louis, Anheuser-Busch used to own the baseball stadium (...) (19 years ago, 1-Jun-05, to lugnet.mediawatch, lugnet.legoland, FTX)
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