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Pinewood Mobile Homes and Debt Obligations Term Paper

… ¶ … Pinewood's financial distress a result of unfortunate circumstances or poor strategies/decisions adopted by the CEO during the expansion period? Was the asset-restructuring program implemented by Walker after 2008 effective in meeting the company's cash needs?

Pinewood's expansion coincided with the housing bubble of the early 2000s and when the housing market crashed in 2007-8, Pinewood was found in dire straits. It had increased its debt load beyond what it could afford to do (in hindsight). Thinking that the housing boom would go on forever, Pinewood execs saw their situation as low-risk. Following the crash, Pinewood's CEO was forced to liquidate some of its non-core assets in a move to keep the company afloat as cash-flow had gone negative after years of being so…. [read more]

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