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Vanishing Act

February 5, 2009

It’s not exactly a revelation to note that the economy is looking dismal, but these local companies are really looking bad.   The main culprit for each: housing, housing and declining consumption.

It would be a true catastrophe for Milwaukee to see any of these companies go under.  But with the way things are, would anyone necessarily be surprised?   This recession has turned expectations upside down and it’s nowhere near ending.

Marshall & Ilsley Corporation

Marshall & Ilsley Corporation

MGIC Investment Corporation

MGIC Investment Corporation

Harley Davidson

Harley Davidson

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2 Comments
  1. February 5, 2009 3:59 pm

    Harley just got like $300 million from Warren Buffet so I think they can survive. The others yea good question.

  2. February 6, 2009 5:21 am

    I think that money is definitely helpful in the short term, but if you look at their situation it’s less sunny than it appears. They received $600 million from the bond sale, but owe $500 million within the next few months. In addition, they estimate that they’ll need $1 billion in financing for the year. So, they currently need another $900 million, while they’re paying Buffet 15% interest. It’s encouraging they got the money, but unfortunately I think the jury is still out on them.

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