wngsprd
Super Member
I've been waiting to say this for 3 months...Play Ball!
Good morning!!!!
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daugen
Epic Contributor
Ron,
I noticed Tractor News. Briggs and Stratton has filed for Bankruptcy. 7/20/2020.
Good news is they will continue on in a "work out" bankruptcy,bad news is they terminated all retiree benefits.
Briggs & Stratton Corp. bgg said Monday it has filed for chapter 11 bankruptcy protection and reached an agreement to sell most of its assets to KPS Capital Partners. The Milwaukee-based company, which makes gasoline engines for outdoor power equipment, said it has secured debtor-in-possession financing of $677.5 million from KPS and its existing lenders to allow it to continue normal operations ahead of the closing of the deal. "Over the past several months, we have explored multiple options with our advisors to strengthen our financial position and flexibility," Chief Executive Todd Teske said in a statement. "The challenges we have faced during the COVID-19 pandemic have made reorganization the difficult but necessary and appropriate path forward to secure our business." Shares fell 27% premarket, and are down 88% in the year to date, while the S&P 500 SPX, +0.57% has fallen 0.2%.
I noticed Tractor News. Briggs and Stratton has filed for Bankruptcy. 7/20/2020.
Good news is they will continue on in a "work out" bankruptcy,bad news is they terminated all retiree benefits.
Briggs & Stratton Corp. bgg said Monday it has filed for chapter 11 bankruptcy protection and reached an agreement to sell most of its assets to KPS Capital Partners. The Milwaukee-based company, which makes gasoline engines for outdoor power equipment, said it has secured debtor-in-possession financing of $677.5 million from KPS and its existing lenders to allow it to continue normal operations ahead of the closing of the deal. "Over the past several months, we have explored multiple options with our advisors to strengthen our financial position and flexibility," Chief Executive Todd Teske said in a statement. "The challenges we have faced during the COVID-19 pandemic have made reorganization the difficult but necessary and appropriate path forward to secure our business." Shares fell 27% premarket, and are down 88% in the year to date, while the S&P 500 SPX, +0.57% has fallen 0.2%.
PJSprog
Elite Member
71°F and heavy fog this morning, going up to 89° today. Looks like we're heading into four days of pretty much the same as today; sunny and around 90-ish.
Talking to the Plant Manager during my morning rounds at work today, and he thinks we'll just shut down for tomorrow. The work load level here is starting to concern me.
Nice picture, Ron.
Talking to the Plant Manager during my morning rounds at work today, and he thinks we'll just shut down for tomorrow. The work load level here is starting to concern me.
Nice picture, Ron.
newbury
Super Star Member
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- From Vt, in Va, retiring to MS
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For those that didn't watch the vid -
I found it interesting when (at about 13 min) he got his big truck and trailer stuck in the mud then got out of the truck and started the excavator to push the trailer and truck up on the road, then ran back to jump in the truck and steer the truck till he was clear. Then with the excavator just running by itself he ran back to stop it.
WHAT??? You have not ordered it yet?
Opportunities like that need to be taken advantage of.
Last edited:
RoyJackson
Rest in Peace
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- Bethel, Vermont
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- John Deere 4052R Cab,, Deere 855D UTV, Z920A Zero Turn Mower and assorted implements
Back from the tests...and, boy, does this coffee taste good!
The ultrasound of the aorta went fine...quick too! What they were looking for is an aneurysm (swelling or bulge in the aorta) which there was no indication of one
I'm waiting for a call from the doctor who'll interpret the results of the CAT Scan. The scan was faster (2 minutes) then the UT...waiting for the doctor's results (today, supposedly) will take time
The ultrasound of the aorta went fine...quick too! What they were looking for is an aneurysm (swelling or bulge in the aorta) which there was no indication of one
I'm waiting for a call from the doctor who'll interpret the results of the CAT Scan. The scan was faster (2 minutes) then the UT...waiting for the doctor's results (today, supposedly) will take time
RedNeckGeek
Super Member
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- Jan 1, 2011
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- Butte County & Orcutt, California
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- Kubota M62, Kubota L3240D HST (SOLD!), Kubota RTV900
That kind of a note would have me looking for a new provider, Don. But that's a bridge neither Drew nor I will have to cross, as we're both on Verizon. I do have a land line with AT&T (they have a monopoly on them here), and they've been anything but easy to deal with. Given any other choice I'd take it, and there's no way I'd sign up for cellular service from them. How that for a hearty recommendation? NOT!
RedNeckGeek
Super Member
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- 8,754
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- Butte County & Orcutt, California
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- Kubota M62, Kubota L3240D HST (SOLD!), Kubota RTV900
It's a wonder this didn't happen years ago. Given the excellent performance of Asian engines, especially Honda and Subaru, why would anyone buy something with a B&S engine in it, unless they just didn't know any better?:confused3:
ronjhall
Super Star Member
I have engines from all three of the manufacturers. All do there job very well. One of B&S engines is over 50 years old. Put fresh gas in it and it runs. Honda’s are great engines. But 3 times the price of a B&S. Company I worked for built machines that balanced various models of engines flywheels. Did installation and service calls over the years. Met lots of good dedicated employees during my visits.
RedNeckGeek
Super Member
- Joined
- Jan 1, 2011
- Messages
- 8,754
- Location
- Butte County & Orcutt, California
- Tractor
- Kubota M62, Kubota L3240D HST (SOLD!), Kubota RTV900
Good Morning!!!! 69F @ 7:15AM. Plenty of sunshine. High near 95F. Winds SSW at 10 to 15 mph.
More broken record weather, but it's actually been nice, with a good breeze and low humidity. Supposed to be HOT for the weekend, though.
Hopefully things turn around soon, Paul. There's lots of pent up demand out there, but it's gonna take a while for the pause to work its way through the system.
Nice big doe, Ron. She got any fawns?
As if you don't already have enough to do, Mike. Glad nobody was hurt, and there wasn't more damage than there was.
Sounds like a happy windfall on the Speedaire, Kyle. Baldor makes the best motors you can buy, and as long as the unloader is working on the compressor, it sounds like you're good to go. Could be any number of things on the old motor, from something as simple as a broken wire or a piece of mud stuck where it shouldn't be, to a bad start capacitor, maybe a bad over temperature switch or ???. Is there a sticker on the motor showing a schematic? Or can you get one from the Grainger site? Then start checking, carefully, with a VOM and see where that leads you. Gonna be a hard pill to swallow at work to purchase a new compressor when work is slow. At least they can depreciate it on their taxes.
I think I could use something of a vacation from new challenges, at least for a while.
I learned late Tuesday night that PG&E had rejected the connection request because the description on the building inspection card didn't mention anything about there being a storage battery in the solar power system. Had to call the county and get them to modify the inspection card and then resubmit it. PG&E should have also gotten a copy of the Generator Plan, which contains a detailed description of the whole system, including data sheets on each component including the battery. But like the contractor always sez: Give 'em what they want because it's easier than arguing with 'em.
Picture of a rusty, draggin' butt, hot, dirty, old man. At times the dust was so thick, it was sliding down the insides of the safety glasses like snow in a blizzard, and the N95 mask I was wearing was totally trashed. The tank still looks rusty, both of us do, but it's just dust laying on an otherwise solid surface. The wire brush went through in a couple places where the side and bottom of the tank meet, but I think some fiberglass resin and mat will be an OK fix, once the rust is converted. The stuff to do that should be here tomorrow. Still have the underside of the lid to clean up, but I've gotta flip it over first. It's on a pallet, and I think that'll make it easier to get it parked on a pair of saw horses so I don't have to work stooped over.
But that's a job for tomorrow. Gonna take a little break today, get the instruments put together and into the van, and see if the repair made any difference on the way into town for groceries.
Hang in there, gang, Friday's comin'!
More broken record weather, but it's actually been nice, with a good breeze and low humidity. Supposed to be HOT for the weekend, though.
Hopefully things turn around soon, Paul. There's lots of pent up demand out there, but it's gonna take a while for the pause to work its way through the system.
Nice big doe, Ron. She got any fawns?
As if you don't already have enough to do, Mike. Glad nobody was hurt, and there wasn't more damage than there was.
Sounds like a happy windfall on the Speedaire, Kyle. Baldor makes the best motors you can buy, and as long as the unloader is working on the compressor, it sounds like you're good to go. Could be any number of things on the old motor, from something as simple as a broken wire or a piece of mud stuck where it shouldn't be, to a bad start capacitor, maybe a bad over temperature switch or ???. Is there a sticker on the motor showing a schematic? Or can you get one from the Grainger site? Then start checking, carefully, with a VOM and see where that leads you. Gonna be a hard pill to swallow at work to purchase a new compressor when work is slow. At least they can depreciate it on their taxes.
I think I could use something of a vacation from new challenges, at least for a while.
I learned late Tuesday night that PG&E had rejected the connection request because the description on the building inspection card didn't mention anything about there being a storage battery in the solar power system. Had to call the county and get them to modify the inspection card and then resubmit it. PG&E should have also gotten a copy of the Generator Plan, which contains a detailed description of the whole system, including data sheets on each component including the battery. But like the contractor always sez: Give 'em what they want because it's easier than arguing with 'em.
Picture of a rusty, draggin' butt, hot, dirty, old man. At times the dust was so thick, it was sliding down the insides of the safety glasses like snow in a blizzard, and the N95 mask I was wearing was totally trashed. The tank still looks rusty, both of us do, but it's just dust laying on an otherwise solid surface. The wire brush went through in a couple places where the side and bottom of the tank meet, but I think some fiberglass resin and mat will be an OK fix, once the rust is converted. The stuff to do that should be here tomorrow. Still have the underside of the lid to clean up, but I've gotta flip it over first. It's on a pallet, and I think that'll make it easier to get it parked on a pair of saw horses so I don't have to work stooped over.
But that's a job for tomorrow. Gonna take a little break today, get the instruments put together and into the van, and see if the repair made any difference on the way into town for groceries.
Hang in there, gang, Friday's comin'!
pennwalk
Veteran Member
Briggs and Stratton has filed for Bankruptcy. 7/20/2020
I'd be surprised if this did anything for B&S quality. There are bound to be lay offs. No doubt management will walk away with lots of cash.
Chris
I'd be surprised if this did anything for B&S quality. There are bound to be lay offs. No doubt management will walk away with lots of cash.
Chris
