Mesa leaving GC?

[M_hubbert]

I've seen it discussed on a couple of other forum sites but wanted to know if it had been here. I know Mesa has strict requirements and that may have contributed or if they saw that maybe GC was getting into even more financial troubles and was getting out while they could still get there gear and not a percentage payment.

On another note IF something happens to GC do you think they would get a bailout?

 

[JimmyM]

No, because they're already leveraged to the hilt. But the guys at Bain Capital and the head of GC will all get paid from the money they borrowed and won't have to pay back if it goes under.

Haven't heard anything recent, but Mesa and GC have never had the world's greatest relationship anyway. Wouldn't be the first time they pulled out of GC.

 

[Dave W]

Mesa left GC AFAIK, a few months back. Any remaining stock that GC has is just that. I know they've been blowing it out too.