Tuesday, February 10, 2009

Musak – RIP!!!

According to news reports, the Musak (aka Elevator Music) Inc. has filed for bankruptcy. The twisted side of me thinks its funny how the recession could kill of elevator music?

The financial analyst in me wonders how they could have become leveraged enough to make bankruptcy a reality. It could not have been a "growth" company and I cannot imagine it would need financing for capital expenditures.

PS – I wish the best for their employees.

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