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#1 |
Junior Member
Join Date: Jul 2018
Location: Joliet, IL
Posts: 76
Likes: 10
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Will this impact the company that has been so good to the Sportsman racer?
https://www.prnewswire.com/news-rele...ytMtMAjq-_ToJ8 |
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#2 |
Senior Member
Join Date: Aug 2007
Location: Monroe Twp NJ
Posts: 502
Likes: 1,030
Liked 989 Times in 273 Posts
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Only time will tell, but I would be afraid the main concern would be making shareholders the most on their investment as possible. And my guess is they aren't racers, and could care less about racing, just making money. Sort of the opposite of what most Jegs customers are about, if we were about building our portfolio, Sportsman racing wouldn't be part of it.
Hope I am wrong
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Duane Hoven 1342 SS/GT |
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#3 |
Junior Member
Join Date: Nov 2003
Location: Washington
Posts: 80
Likes: 154
Liked 78 Times in 37 Posts
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Maybe that is why I am getting around 4 of their Deals emails daily now. Time to unsubscribe...
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Rick Green 6847 O/SA |
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#4 |
VIP Member
Join Date: Nov 2001
Location: The Lowcountry.
Posts: 2,962
Likes: 2,552
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Jeg the man should be worshiped by his family for creating this windfall. He is a visionary at the highest level. This is another Drag Racing success story not unlike Edelbrock, Holley, Hooker and Iskenderian.
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#5 |
Senior Member
Join Date: Sep 2009
Posts: 849
Likes: 980
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As a past owner of several businesses, it's always the bottom line that is the most important part of your business. How you achieve that is by taking care of your customers. Sportsman racers may not own Stock of Greenbriar but we are a large customer base. I wouldn't think much would change. Just my opinion. BP
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#6 |
Senior Member
Join Date: Sep 2006
Location: Fulton County, PA
Posts: 614
Likes: 16
Liked 920 Times in 259 Posts
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Well I don't know. Selling out to an equity firm has worked so well for all the racers and customers of these other iconic performance companies.
What could go wrong? |
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#7 |
Member
Join Date: Nov 2016
Location: Indianola Washington
Posts: 401
Likes: 0
Liked 453 Times in 146 Posts
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One thing for sure that will happen is Jegs will change. Either good or bad, depends on ones position.
The employees most likely will be starting over with new hire dates. The name will change to Jegs LLC DBA as Jegs.com or something similar. Historical Private Equity loses approximately 60% of the company's existing employees in the first 6-12 months. As I started with, its going to change. Steve Teeter STK/SS 620 |
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#8 |
Member
Join Date: Nov 2016
Location: Indianola Washington
Posts: 401
Likes: 0
Liked 453 Times in 146 Posts
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State of California sued Jegs for selling into the state, illegal auto parts that modify emissions on street driven Vehicles.
Jegs settled the case for 1.7 m. Steve Teeter Stk/SS 620 |
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