Republic Windows Hits Wall Street

enforcer

i am posting this because it just came out and it involves a wall street site i subscribe to.
BAC Bank of America issues statement regarding Republic Windows and Doors (17.84 +2.60) -Update-
"We agree with the statements of public officials that Republic Windows and Doors should do all it can to honor its obligations to its employees and minimize the impact of failure on those employees. We are reaching out to the management and ownership of the company to see what they can do to help resolve this issue. As a creditor of the company, we continue to honor all of our agreements with the company and have provided the maximum amount of funding we can under the terms of our agreement. By any objective measure, Republic Windows and Doors is unable to operate profitably given the challenges of the current economic climate and its industry. Public statements by management of the company have made this clear. When a company faces such a dire situation, its lender is not empowered to direct the company's management how to manage its affairs and what obligations should be paid. Such decisions belong to the management and owners of the company. Bank of America has worked with the company and shared our concerns about the company's situation and its operations for the past several months. It is unfortunate that the company has been unable to reverse its declining circumstances."

skyhook

Spin Doctors wrote that.

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thesidingpro

you aint's got to lie to kick it.

You ever get those half rounds done yet?

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enforcer

yes, we used azek. actually came out nice although the siding is white and i think it was a total waste of money.

Grumpy

Spin doctors also wrote the piece putting republic's problems on the shoulders of their bank. How many people think they got shut down for late payments or no payments? That's my first thought.

I don't care either way, really. Republic were overpriced average windows. Nothing special, but for alot of money. It's all over the news here since they are made in Chicago.

Ed the Roofer

The secret is out already.

Republic opened up another company in Iowa to get away from the Union work force in Chicago.

TheSidingPro reported the information yesterday.

I believe that the newly named company is called Echo Windows.

Ed

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