Dingus Milktoast
Gym climber
Why'djya leave the ketchup on the table?
|
|
|
May 10, 2010 - 05:39am PT
|
Ah the relentless pressure to show profits, quarter after quarter, cash in exceeds cash out. Drop in sales = layoffs. Smart MBAs pushing papers across their desks and in the process pushing mfg across the seas.
Twas good while it lasted.....
DMT
|
|
Studly
Trad climber
WA
|
|
|
May 10, 2010 - 06:23am PT
|
another good reason to buy Metolius.
|
|
The Chief
Trad climber
from the Land where Free Mongols still roam!
|
|
|
May 10, 2010 - 06:29am PT
|
"It's the end of the world as we know it.... and I feel fine!"
Truly the Commercialization of the lifestyle that many of us took too
many decades ago. All in order to run away from just this Capitalistic Industrial mindset.
Sad day to the bone.
Long live the Real "HARDMAN "!
|
|
rlf
Trad climber
Josh, CA
|
|
|
May 10, 2010 - 06:47am PT
|
Hmmm... This ought to be interesting...
Hopefully this doesn't turn into another North Face.
|
|
couchmaster
climber
pdx
|
|
|
May 10, 2010 - 07:10am PT
|
Wow, good points up there above.
|
|
donini
Trad climber
Ouray, Colorado
|
|
|
May 10, 2010 - 07:17am PT
|
Sorry Studly, Metolious has been trying to sell for some time but nobody wants to buy them.
|
|
Spider Savage
Mountain climber
SoCal
|
|
|
May 10, 2010 - 07:22am PT
|
Hey, MBAs can be climber's too. Rich guys, poor guys, level playing field on the wall.
Good to see an old surfer get rich.
Someday: "Fish Products acquired by Bosch Tools. In a deal with $75 million, Bosch Corporation has made...."
|
|
TGT
Social climber
So Cal
|
|
|
May 10, 2010 - 07:22am PT
|
Bianchi owns Gregory now.
I wonder if they are only selling off specific product lines?
|
|
BJ
climber
|
|
|
May 10, 2010 - 07:23am PT
|
So the people who own Gregory are buying both companies.
|
|
Jaybro
Social climber
Wolf City, Wyoming
|
|
|
May 10, 2010 - 07:24am PT
|
Well, they put a good spin on it. We'll see if it's the end, while hoping for a new beginning...
|
|
fattrad
Mountain climber
GOP Convention
|
|
|
May 10, 2010 - 08:29am PT
|
Look for a Black Diamond clothing line, much more money in the soft goods.
The evil one
|
|
miwuksurfer
Social climber
Missoula
|
|
|
May 10, 2010 - 08:48am PT
|
I wonder if all the stockholders and board of directors are still going to do their "dawn patrols".
Wow, they were so proud of their "employee owned" business. Guess it was just a ploy to get me to buy cams.
|
|
steve_s
Boulder climber
middleton, wi
|
|
|
May 10, 2010 - 09:06am PT
|
For what it's worth Gregory has been employee owned for roughly 2 years now. They bought the company back from Bianchi a while back.
|
|
zeth0101
Trad climber
Oakland, CA
|
|
|
May 10, 2010 - 09:08am PT
|
crap good thing i just got a set of c4s before they turned to untrustworthy sh#t. this is sad. i second the metolius now or even dmm or wildcountry.
|
|
BJ
climber
|
|
|
May 10, 2010 - 09:18am PT
|
of for the love pate, here we go again TNF stylee
At one time, I owned a couple of hundred shares of TNF when they were a publicly traded company. I was sitting fat and happy, and they started their precipitous decline in stock value. With more research, I found out:
1) That there had been cases of shipment frauds in order to falsely bloat accounts receivable.
2) Attempts to go private to the president of the corporation, with escape clauses to said president which was very onerous to TNF
3) The need to restate earnings for at least one quarter, if not more.
I was aghast at the wrong doings at TNF, and was shocked that no one ended up in the clink over the whole deal
The stock price declined and I was never able to get above water, and sold out when they went private. In at 20, out at 2 !
|
|
BJ
climber
|
|
|
May 10, 2010 - 09:22am PT
|
For what it's worth Gregory has been employee owned for roughly 2 years now. They bought the company back from Bianchi a while back.
So you're saying this statement is wrong?
(From the OP's link)
Gregory is being sold by entities owned and controlled by Warren B. Kanders, Clarus' executive chairman, and Robert R. Schiller.
|
|
tom woods
Gym climber
Bishop, CA
|
|
|
May 10, 2010 - 09:23am PT
|
Slaves to shareholder value seems to be a terrible business strategy.
The beauty of the miracle of the modern market, is once the company appears to be profitable, the shareholders will sell it again, perhaps taking the company private so it can go public again.
I hope the cams don't suffer due to the shenanigans of American capitalism.
|
|
msiddens
Trad climber
Mountain View
|
|
|
May 10, 2010 - 09:23am PT
|
Damn- I really hope this isn't a sign of things to come. Like, poor thought out designs.
|
|
|
SuperTopo on the Web
|
Let us know!