The Great Kazoo's Feedback
"when you're happy you enjoy the melody but, when you're broken you understand the lyrics".
Not a fixed income analyst nor saw a full financial record of H&K. Opinion is just based on this report.
I would be surprised if any major defense company will buy H&k. My guess is if H&K doesn't have any cash infusion by investment company or have more creditors, they will have a major garage sale at this rate.
Even if I had $5b, I don't think I have a skill set , ego , or operation skills to turn this company around. Truly sad that H&K didn't follow mkt strategy like other companies did.
The decline in sales has squeezed company finances, sending its bonds tumbling and pushing it into borrowing at 10 percent to make interest payments of 9.5 percent on other debt.The German government restricted weapons exports to areas at risk of conflict in 2013, including Saudi Arabia. That cost H&K as much as 50 million euros in the first nine months of 2014, with total revenue shrinking to 102 million euros down from 153 million euros in the same period of 2013, according to its private financial accounts. Last month, the Defense Ministry said it had completed a damning report on its G36 assault rifles.H&K’s 295 million euros of bonds due in May 2018 fell to a three-year low of 63.6 cents, to yield 27.9 percent, according to data compiled by Bloomberg.The notes rebounded to 74 cents, to yield 21.6 percent, on Thursday after German media reported that the army may alter its inventory of 180,000 H&K rifles rather than junk them. That gives the company the chance to win the contract to modify the weapons. The incident, however, underscored the volatility of a company with about 30 million euros of both earnings and annual interest payments.
The company took out a credit line in November with Bybrook Capital, a London-based hedge fund founded in 2013 by Robert J. Dafforn, to meet its 14 million-euro interest payment. Bybrook charges 10 percent for the 30 million-euro facility when it’s drawn and 4 percent when it’s not. Heeschen said the next bond coupon payment on May 15 will be a much smoother affair as its U.S. expansion begins to pay off.
I'm not a business man, never have been, probably never will be, but if that "someone" you are telling to pound sand, happens to be your biggest potential client, you are doing something wrong. I hope HK telling us civilians to pound sand, bites them in the ass. I could care less about HK, as I've never cracked the slide on a Glock, or had issues with M&P's...
Ok I'll put my head out there. I guess I'm in the minority, I really like hk , every hk I've had I loved and I still carry one everyday. They may hate you but I still love them (maybe that's how my girlfriend feels hmmmm). I don't have a g36 or an mp5 though ;-)
Last edited by Spdu4ia; 05-02-2015 at 08:23.
Last edited by <MADDOG>; 05-02-2015 at 09:57.
"The best argument against democracy is a five-minute conversation with the average voter." Sir Winston Churchill
“It is well for that citizenry of nation are not understand banking and money system, if they are, I believe there would be revolution before Tuesday morning.” Henry Ford
My feedback: http://www.ar-15.co/threads/33234-lt-MADDOG-gt
Also, you are seeing things from the American point of view... that IS how they see it. It's the German side that is ruling everything though. They are all about government contracts, always have been. Honestly, the best thing is if the American side split... that would be nice.
It was a figure of speech... No one from Hk has actually ever told anyone off. They have however said that they are going to build what they want to build, and if you don't like it, you don't have to buy it. There are lots of fake things floating around on other forums that are bullshit, and sadly, everyone believe it without batting an eye. No one on this forum has ever had Hk tell them to pound sand, guaranteed. People just don't like the fact that Hk doesn't care about your opinion, that is however different from saying they have said "screw you" or whatever to the public. I did use the figure of speech, but like I said, it was a figure of speech. I should change that so no one else takes it wrong...... I did do a bad job there....
Last edited by spyder; 05-02-2015 at 13:57.
If you make something idiot proof, someone will make a better idiot... Forget youth, what we need is a fountain of smart. There are no stupid questions, just a lot of inquisitive idiots.Life is pleasant. Death is peaceful. It's the transition that's troublesome. --Isaac AsimovLike, where's spyder been? That guy was like, totally cool and stuff. - foxtrot
I didn't take it wrong, and realize it was a figure of speech, but HK basically HAS told the civilian market to pound sand. You are also correct in the fact that it's their business, their right to sell or not sell, whatever to whom ever they like. I just hope those civilian "whom evers" remember the the way HK chose to run their business. That's all I was getting at, like I said, I've never really had a desire to own any HK products, tho I'm sure they are excellent firearms.
Last edited by hurley842002; 05-02-2015 at 14:00.
They haven't though... people just took it that way (and yes, perception is everything). I've read all of the sources of these complaints, and not a one has any merit. A few were just blatantly made up...
Question, what exactly do you think is a question to ask them that they would tell someone to "go pound sand"? Can you list a few? (I'm not being a smart ass or anything, just curious)
If you make something idiot proof, someone will make a better idiot... Forget youth, what we need is a fountain of smart. There are no stupid questions, just a lot of inquisitive idiots.Life is pleasant. Death is peaceful. It's the transition that's troublesome. --Isaac AsimovLike, where's spyder been? That guy was like, totally cool and stuff. - foxtrot
I did see one where someone asked about Pmags... and why don't they make their MR556's work with them...
(I bring up the Pmags because I just got done fitting 50 to fit an MR556)
I believe their response was that it didn't need to, it wasn't designed around any specific magazine in mind other than their own, and that their mag and other mags work fine with it, and that they didn't need to change the 416 to fit one kind of magazine.
Of course the guy who got that reply went ape shit about how Hk didn't care about his problem... That's the stupid kind of thing that gets people going. Then it snow balls, and shit gets stupid.
Could they go in and change the cut program so the magazine housing sits higher up and gets out of the way for a Pmag? Sure, they could... they could go in, redesign the magazine housing, and kick it out to make people happy, but they don't have to, and people shouldn't be such giant bitches over not getting what they want. If someone is going to go out and spend that kind of cash on a rifle, and then bitch about their mags because they don't want to buy what fits...... that kind of person is an idiot. That's like going out and buying a big giant diesel like an excursion, and then bitching about the fuel economy. But... it's been shown again and again that people do it all the time, and then everyone else believe the crap, without finding out what actually happened.
Last edited by spyder; 05-02-2015 at 14:16.
If you make something idiot proof, someone will make a better idiot... Forget youth, what we need is a fountain of smart. There are no stupid questions, just a lot of inquisitive idiots.Life is pleasant. Death is peaceful. It's the transition that's troublesome. --Isaac AsimovLike, where's spyder been? That guy was like, totally cool and stuff. - foxtrot