AIH CLOSES THE DOORS
Istill think a harley will always hold its value better than any custom builder bike. Its not like it was back in the day but they still hold better than any other bike on the market......
And then to use a company that's only been around for a couple of years. I hear and feel for the horror stories I've read here, but you have to do due diligence - is the company going to be around in 25 years, after the hype settles? Would you by a FIAT in America today? No! The same with custom bikes, with custom parts. Overpriced paperweight.
Good luck!
If you are into anything custom , you are going to pay , bikes , cars , trucks , airplanes whatever !
I never understood the hype about custom bikes - especially when you can build you own through a ton of various bolt-on kits available from a variety of vendors.
The Best of Harley-Davidson for Lifelong Riders
IronHorse slams on the brakes
Pressured by its creditors, Fort Worth bikemaker files for bankruptcy
By BARRY SHLACHTER[/align]Star-Telegram staff writer[/align]
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[/align]FORT WORTH -- American IronHorse Motorcycle was pressured by creditors into filing for bankruptcy protection this week as it seeks a buyer, Chief Executive R.B. "Buck" Hendrickson confirmed Friday.
The custom bikemaker's filing with the U.S. Bankruptcy Court of North Texas on Wednesday listed more than $10 million in debts. The debtors include Textron, the corporate parent of Bell Helicopter, which had extended financing, and the city of Fort Worth, owner of its building on Blue Mound Road, Hendrickson said.
The 12-year-old manufacturer of motorcycles, priced from $25,000 to more than $40,000, blamed higher interest rates, tightening of credit standards and increased energy prices for a decline in demand for luxury goods, according to the filing.
As a result, sales nearly halved to $53 million in 2006 from $96 million in 2005, and halved to $25 million last year "due to a continuing erosion of market conditions," it said.
IronHorse's action followed a petition by disgruntled creditors to force it into bankruptcy. Troy Phillips, the Dallas attorney representing some creditors, said they had invested in notes ranging from $30,000 to $120,000 that could later be converted into stock. His clients lent IronHorse roughly half of the $1.5 million raised from such investors.
Charles Strand, owner of IronHorse of Texas, the Fort Worth dealership, and a one-time investor who had served on the company's board, said three parties have indicated interest in acquiring the bikemaker: William Blair and Co., a Chicago private-equity firm; Dallas investor Sam Caudle; and Bill Rucker, the company's founder, who was forced out and later established his own custom bikemaker in Fort Worth, Rucker Performance. Strand said he is working with Caudle to win control.
"It needs to be run more like a business, instead of like a hobby that lost $26 million over 10 years," Strand said. "IronHorse was just grossly mismanaged. It was run by mostly investment guys who know how make a


