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Old 12-03-2005 | 10:06 PM
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iaclmac
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From: Red Oak, IA
Default RE: Hobbico Sold?

I take exception with your remarks. Anytime there is a MAJOR shakeup in management, it is always a time of concern (weather the company is privately or publicaly held). However, I did do a little research and can find nothing to substantiate the the claim of a management change, shakeup or corporate sale. I could NOT find a ticker symbol for hobbico or any of its 4 divisions. I went to the Hobbico web site and found the following statement:

HOBBICO is the largest retail and wholesale distributor of radio-control hobby products in the world and one of the most progressive companies in the Champaign/Urbana area.

Hobbico consists of 4 basic divisions: Tower Hobbies, Great Planes Model Distributors, Hobbico Product, and Hobbico Administration. Each division has a different focus and excellent job opportunities exist in each one. Hobbico employs more than 600 people in these different divisions.


Being as large a firm at is appears, I feel it unlikely that it is experiencing financial troubles. At least I cannot find any documentation in any trade journal or website to substantiate such a claim. I would think that if there was something major brewing on the horizon, some of the industry "rags" would be talking about it.