Financial Trouble and Bankruptcy
While generally praised by the toy community, Palisades' uncompromising devotion to adult collectors proved financially cumbersome. Many products laid within a narrow niche market of passionate fans or were simply unusual in scale or design; an example would be Mega Meatwad, a 5½" tall, non-articulated figure of the simple, limbless character. Yet comprehensive quality and large supply were being exerted on such selective merchandise. Despite such a staggering level of production, Palisades' also offered some of its merchandise at considerably low prices compared to similar high-end products within the industry. A combination of these factors may have attributed to deep expense on behalf of the acclaimed toy company.
Read more about this topic: Palisades Toys
Famous quotes containing the words financial, trouble and/or bankruptcy:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“Method goes far to prevent trouble in business: for it makes the task easy, hinders confusion, saves abundance of time, and instructs those that have business depending, both what to do and what to hope.”
—William Penn (1644–1718)
“Disappointment is a sort of bankruptcy—the bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (1902–1983)