"Established" businesses can get upended by changing conditions in the industry. What probably hurt Central Tractor as much as anything was the notion that Walmart was going head to head with CT in some of their core product lines. Whether this was a real plan (not implemented) or just a rumor it set a chain of events in motion which made CT push harder than it should have into expansion mode. It should have been obvious that CT could never go head to head in terms of capital but when management thought that they were hearing footsteps they became very paranoid. The growth in locations came at a cost in terms of maintaining inventory. Also, early in the game CT resisted going public as the principles wanted to protect the potential stakes they had if their moves had paid off. Bringing in outside investment means sharing profits which some dislike. You might say it is all about the greater good but sometimes people can not see that.
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Today's Featured Article - Some People Like Red - by Art Willis. I was smitten, as a little boy, by red tractors. I used to play in the coastal sand of my Dad & Mom's home with little red tractors, trucks and cars. I grew up believing that like fire trucks, ALL tractors are supposed to be red! Today, the only way I would drive a John Deere is if someone would paint it RED! Driving a Tractor for the first time - About 19 years ago, when my wife Donna and I moved to what was the country then, I was given access to a large Farmall tractor by a wi
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