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Old 01-11-2013, 11:05 AM
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Default Re: Abel Reels Under New Ownership

Originally Posted by sweetandsalt View Post
The Abel's had to sell the company for health reasons and the purchaser, another investment group, changed nothing but undoubtedly made money on the sale to this newest "Mayfly" group.
Or maybe not. The recent seller was a group led by Andrew Madoff, Bernie Madoff's son, who is fighting lymphoma as well as struggling to extricate himself from the wreckage of his father's monumental swindle. His other liquidity needs may not have allowed him the luxury of holding out for top dollar.
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