Posted by Adirondack case guy on July 13, 2014 at 05:18:27 from (74.69.160.79):
In Reply to: Re: 1270 Case update posted by JD Seller on July 12, 2014 at 17:28:56:
JD, You are spot on about your account of the merger and the attidude that the IH people had. We were oldtime Case dealers and made the cut, but the Red Regiem told us we had to have new facilities and high priced computer systems etc. As stated above, interest rates were 18-22%, and borrowing money to expand when dealer profit margins were about 15% made no sense whatsoever. We closed in the fall of 86. Loren, the Acg.
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