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THAT CANT BE TRUE. OBAMA SWEARS THE ECONOMY HAS TURNED AROUND 
Damn... they don't even deal in solar crap.
Obama is absolutely right...the recession ended in the second quarter of 2009..that is just a demonstrable fact.
Did you guys even read the article?
Their last round of management (brought in by a turn-around artist, according to Grassroots motorsports) over invested in material, facilities and people at the peak of the market (probably around 2008) and when the market slumped they were forced to belt-tighten. They were so heavily leveraged that the belt tightening wasn't enough, so now they're looking for a buyer to assume the restructure of their debt (and maybe provide some much needed managerial leadership). Nothing new, here, and it looks like it wasn't especially caused by "the economy", just lousy management.
Even in 'this lousy economy', they've been successfully launching new products, have been very successfully working with their suppliers who, BTW, support the filing AND have a strong enough cash position to work through the filing period and keep all of their current employees on. Sounds like they're doing all the right things to me....
Gordon:
That is exactly the way I read it.
I READ IT. TYPICAL BORROW AND BUY MORE FOR INCREASED EARNINGS ON THE INCOME STMT. THAT GOES STILL TODAY.
The Mill I work in has just bought 8 new machines That can produce 4 times as much product as the present type. I see a lay off coming. Because they will try to do more with less people. 66 old spinning frames presently.. The new ones can produce 4 time as much with 20 or so (What do You think?) It's comming