Model Power Out of Business
#7
IMHO I don't think this has a lot to do with the economy, but more to do with money. A company that has been around as long as they have should not have to rely on a bank for operating revenue. Over my lifetime I have seen numerous Third generation businesses close the doors, and most of the time it comes down to lack of interest in anything except the money. The revenue gets divided between the family members and nothing is reinvested, and the next thing they know there is no money.
The economy has to be hurting everyone, not just MP. I have seen the price of energy double and food prices not only have doubled, but they cut the size of the amount in the packages. While I am not hurting, I do watch the money and being at the point there is nothing I have to have for the hobby, I only buy what I want when the deals are right.
I am really sorry to see them go because some of their kits and their recent rolling stock are pretty well done.
Charlie
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