This page contains a single entry from the blog posted on January 27, 2013 6:49 PM. The previous post in this blog was This is going to be fun. The next post in this blog is Life after federal prison is sweet for Andy. Many more can be found on the main index page or by looking through the archives.

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Sunday, January 27, 2013

Jeld-Wen goes further into hock

The window company that isn't going bankrupt -- honest! -- and isn't leaving Oregon -- honest! -- just entered into a sale-leaseback deal for a bunch of real estate. That's a fancy way of mortgaging stuff you own to raise immediate cash. But it's all going to work out fine -- honest!

Comments (1)

I'm not surprised. I think they may actually have engaged in more sponsorship than PGE, and that's saying a lot. At least they're a private business. There's something about a for-profit, monopoly utility spending money on sponsorships that puts my undies in a twist. At least Jeld-Wen is squandering it's own assets.

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