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#1
03-05-2008, 02:56 PM
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MI likely to bail out MEC yet again
Magna Industries appears set to rescue flagging Magna Entertainment with bridge loan and more coming due in May...
http://news.bloodhorse.com/viewstory.asp?id=43920
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans 
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#2
03-05-2008, 03:04 PM
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A funny element of this conference call Q and A, was the question of a CEO for MEC to replace Frank in his 3rd stint as "interim"...
One analyst resurrected a question frequently asked at MEC conference calls--that of when a permanent CEO will be hired for the company. Stronach is currently in his third stint as interim CEO of MEC, which has seen five such executives come and go since 2000. “It’s a unique business and trying to find someone with all of those talents hasn’t been easy,” Simonetti said. “There are few horsemen with that knowledge of that industry, to really bring more of a business view of how to run that business. It’s not solely horses -- it’s slots, it’s gaming, it’s entertainment. Then you have the technology side of the business as well. It’s difficult for MEC to find someone with that broad knowledge." HELLO? EARTH TO TORONTO.. YOU HAD A GUY LIKE THAT... LOU RAFFETTO... BUT YOU FIRED HIM... AND NO ONE WORTH A DAMN WILL TAKE THE JOB...
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
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#4
03-05-2008, 03:14 PM
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Quote:
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#6
03-05-2008, 03:20 PM
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Quote:
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
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