As I understand it, the “tooling,” that resides in China and supposedly belongs to MTH, really doesn’t, as it is controlled by the companies who possess it and those companies are under the control of the Chinese government. One would think that one of the main assets of MTH is all that amazing tooling, but what buyer is going to invest millions to buy something they can’t actually own—or even control?
Mike’s business was built from nothing into a juggernaut. Mike kept innovating and reinvesting in his company, because it was his and he had a mission. Without Mike as the owner, along with the fact that the market for model railroad products is shrinking and that there is just SO much product out there already, I do not believe the company holds any attraction to a buyer wealthy enough to swing the deal. I hope I’m wrong.
