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benld74

(10,276 posts)

55. Follow the money on this one people

Mon Apr 2, 2012, 08:41 PM

Apr 2012

As of December 2011, it posted annual revenue of $958 million.

AFA said it has $219 million in assets and $197 million in liabilities. AFA also said it has secured a commitment for $56 million in debtor-in-possession financing from its lenders GE Capital and Bank of America

They were running a day to day operation MADE possible by selling the slime. IF they ran their busines properly, they would still be in business.
ANOTHER case of GETTING TOO GREEDY. How greedy? 958 million evenue greedy.

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Beef processor files for bankruptcy over 'pink slime' uproar [View all] Ian David Apr 2012 OP

miller quality? izquierdista Apr 2012 #1

Moran's? Their motto: "Only morans eat pink slime beef" wordpix Apr 2012 #2

I believe this is the tip of the iceberg. rhett o rick Apr 2012 #3

850 more jobs sacrificed to scientific illiteracy and delicate sensibilities. Robb Apr 2012 #4

Agree with you in principle that emotions obviously trump reality in this case. randome Apr 2012 #10

the reality is that people do not want to eat pink slime. iemitsu Apr 2012 #23

I know they don't. randome Apr 2012 #52

Upton Sinclair wrote of those "delicate sensibilities" so often trivialized. LanternWaste Apr 2012 #13

To even make the comparison speaks to the scientific illiteracy part. Robb Apr 2012 #17

what scientific illiteracy are u talking about ? leftyohiolib Apr 2012 #20

You're demonstrating my point. Robb Apr 2012 #24

salt is not chlorine. putting ammonia in beef is more like dipping french fries in bleach leftyohiolib Apr 2012 #29

Sounds like a hormonal imbalance. nt Snake Alchemist Apr 2012 #45

Ammonium hydroxide is actually a misleading term -- it's basically ammonia dissolved in water. eppur_se_muova Apr 2012 #40

you may know chemistry, but I know I don't want to eat ammonium hydroxide wordpix Apr 2012 #49

+1 harmonicon Apr 2012 #25

People have the right to choose. katsy Apr 2012 #26

It's time to ban Travelman Apr 2012 #27

ha ha. bitchkitty Apr 2012 #33

Not wanting AMMONIA-TREATED MYSTERY MEAT is "delicate sensibilities"??? Odin2005 Apr 2012 #39

I'll see if you know: Robb Apr 2012 #44

enough so it tastes like cardboard? wordpix Apr 2012 #50

850 jobs sacrificed to a bad business model. eppur_se_muova Apr 2012 #41

the latest scientific evidence shows that no amount of red meat is "safe" Mosby Apr 2012 #43

If you're referring to lot-fattened, corn-fed, antibiotic-injected red meat, I hear you. Psephos Apr 2012 #54

Agree .99center Apr 2012 #48

Nonsense.. sendero Apr 2012 #53

"...it plans to sell some or all of its assets" KansDem Apr 2012 #5

"Calling Mitt Romney!" Priceless wordpix Apr 2012 #51

Change their business model--add carrots, green beans and vitamins, and call it dog food. MADem Apr 2012 #6

Not my problem. I gave up (meat based) hamburgers a generation ago. nt onehandle Apr 2012 #7

why not make real meat instead of closing? robinlynne Apr 2012 #8

Bad business model to start with.... Evasporque Apr 2012 #9

especially if you use "fresh" air. ChairmanAgnostic Apr 2012 #11

I am sure the workers can be retrained. nt Snake Alchemist Apr 2012 #12

What about the ones that have associate degrees in Slime Management? n/t Ian David Apr 2012 #14

Food irradiation is the alternative so there is sure to be work in those plants. nt Snake Alchemist Apr 2012 #18

why bankruptch nadeltanz Apr 2012 #15

You do realize that no ammonia is actually put in the final product? nt Snake Alchemist Apr 2012 #16

well unless youre the one doing the finalizing you cant say that. but we surely can believe the corp leftyohiolib Apr 2012 #21

Just don't eat any hotdogs...ever nt Snake Alchemist Apr 2012 #22

Actually, it basically does disappear without a trace Travelman Apr 2012 #28

yes i do. i have alot of stuff in my body none of which i want on my food.(maybe the salt and sugar) leftyohiolib Apr 2012 #30

And there is NOTHING remotely like drinking a bottle of ammonia cleaner here Travelman Apr 2012 #34

'Moran's'? LOL. Lawsuit? They should be charged criminally for adulterating food. freshwest Apr 2012 #19

I have always found frozen hamburgers and ground meat in a roll disgusting. Now I know why. appleannie1 Apr 2012 #31

I've seen Moran's at the local Lucky but hadn't Googled it yet Amerigo Vespucci Apr 2012 #32

Looks like the "hand of the marketplace" has spoken. mistertrickster Apr 2012 #35

The easy solution--veggie diet mistertrickster Apr 2012 #36

CORRECTION: Beef processor files for bankruptcy over shitty product. eppur_se_muova Apr 2012 #37

I'm familiar with this problem... Ian David Apr 2012 #38

Seems to me they "went bankrupt" pretty darn fast. dixiegrrrrl Apr 2012 #42

I did notice that as well quakerboy Apr 2012 #46

Get a brain-eating bacterial infection, morans Blue Owl Apr 2012 #47

Follow the money on this one people benld74 Apr 2012 #55