I hate seeing any of the traditional photography companies go under for whatever reason, but I can't fault owners/investors putting their money where they think they will get a better return.
Kinda reminds me of a guy in Lawrence, Kansas that farmed and happened to own a 80 that was still virgin prairie. Not much of that left in NE Kansas.
Well, he decided he needed income from that 80 and set about plowing it under. He was close enough to Lawrence that people stopped and told him he couldn't plow up native prairie.
I think he gave them the day, maybe two, to get the money together if they wanted to save the 80. Anyway no one decided it was worth buying or preserving. It was in crops later that season. I know there are a couple guys here from Lawrence, help me if I get to far off base.
Capitalism or not, I think people should have the right to maintain their property as they see fit. Just as the Lawrence farmer did.
In this case, I wish they had chose differently. But it is their money and their choice.
Wish I had a flame proof suit.
Mike