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Elcapinyoazz
Social climber
Joshua Tree
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There's nothing political in my above statement, other than it's factual.
If by "factual" you mean pulled completely out of your ass with no backing in reality, sure. That's not what most of us consider "factual".
BD is a corporate entity, traded on the NASDAQ as BDE, comprised of a few merged companies. The bulk of their production is done overseas in China and the Phillipines. So please demonstrate to me, exactly WTF "Obamacare" has to do with it?
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ms55401
Trad climber
minneapolis, mn
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How is the Chinese economy taking it?
haha
I laughed
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pyro
Big Wall climber
Calabasas
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so sorry to hear BD is dropping their people!
i still purchase BD cam's!
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Dolomite
climber
Anchorage
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Metcalf may or may not have been full of bullcrap, but it won't be him that's going down.
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Kalimon
Social climber
Ridgway, CO
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There are not enough wealthy consumers of BD gear to support the numerous "sponsored athletes" that get the stuff for free. We are not all trustafarians.
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Grippa
Trad climber
Salt Lake City, UT
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So where are the facts? This thread is a bunch of speculation, and bs.
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jstan
climber
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BDE financials:
Stock performance
I tried to download Metcalf's review of the last four quarters but it required me to divulge personal info.
Total revenue for the past four quarters is near two hundred million dollars on which a loss of a little less than six million was experienced (3%). Q1 2014 evidenced renewed revenues and profit with a slight improvement in operating income/loss. A non recurring charge off of $318,000 was taken in the past quarter. I have not located information on capitalization.
The stock price and volumes do not seem to indicate any untoward trends. I made no attempt to examine the parent corporation. That would be the next thing to do.
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Grippa
Trad climber
Salt Lake City, UT
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referring to Q1 numbers doesn't tell the entire story. all outdoor manufacturer and retail numbers suffer in Q1 and Q2.
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Brokedownclimber
Trad climber
Douglas, WY
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Based on all 4 quarters, they're not doing well at all. They need to cut their expenses some way, and reduction of workforce is the quick and dirty way to do that.
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Sanskara
climber
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Other than C4 's I could do with or without their sh#t. Even ice screws I'd be happy with Grival .
Imop their design and overall quality leave little to be desired with so many willing to try so hard to stand out above the crowd. Their packs to date have been crap and that new clothing line just looks like low quality garbage to me. Really to me its mostly low quality crap..
Sure they nailed the new Cobras, C4's and ice screws. I would not want to be without 2 of 3 of those things but I would live just fine without them.
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Lynne Leichtfuss
Sport climber
moving thru
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Who expects anything to remain the same? Life and business is all about change and learning to live with some pretty big ups and downs. I think it was the 70's maybe that bicycles were no longer popular. Many stores went out of business. Now that industry is again booming.
As far as employment goes, usually if you work hard and are good at what you do you will either keep your job or find another one. I've always liked Black Diamond. lynne
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tooth
Trad climber
B.C.
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What StupidTaco probably did'nt notice is that BD belay parkas are the only ones NOT cut with a maternity cut. I just tried on one from every manufacturer represented in Vancouver, and this is the only one that was slimmer around the middle than around the chest. It got a lot of ice climbing/belaying in this winter.
So maybe that is why they get all the hate around here. Isn't this place old guys with beer-bellies?
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johntp
Trad climber
socal
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Welcome to the global economy. The company I work for is shifting work to Manila, New Delhi and Korea that used to be done in the US. My job is in peril on a day to day basis based on management whim to meet the shareholder expectations.
As far as employment goes, usually if you work hard and are good at what you do you will either keep your job or find another one.
Not the case anymore Lynne. Based on recent experience, most work, both professional and blue collar is going overseas. We used to have a lot of engineering and manufacturing done in the US. Not anymore. Very little is being executed in the US these days.
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nature
climber
Boulder, CO
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Blaming it on Obamacare is beyond laughable
Hey Fatty... is it time to short BDE? ;)
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Lynne Leichtfuss
Sport climber
moving thru
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Tooth, funny but maybe true :)s
Johntp, what is better or are they equally challenging....a privately held corporation or one that does the crap shot on the stock market?
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johntp
Trad climber
socal
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Johntp, what is better or are they equally challenging....a privately held corporation or one that does the crap shot on the stock market?
I don't understand the question.
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nature
climber
Boulder, CO
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I think I understand the question. I believe the answer is "it depends".
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nature
climber
Boulder, CO
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who is "you".
it seems like what lynne is asking is what is really in the best interest of the company. private held or "public"? to which i say "it depends".]
and if that isn't here question that's still my answer :)
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johntp
Trad climber
socal
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it seems like what lynne is asking is what is really in the best interest of the company. private held or "public"?
Thanks for the clarification nature. The company I work for is a Fortune 500 company that has been public for probably 80 years. Management is accountable to the shareholders, not the employees. Hence the movement of work previously done in the US to more "cost effective" overseas locations.
The company used to occupy 5 buildings in SoCal. Now we occupy 1.5 buildings and are building an 18 story office in Manila.
edit: apologies for the thread drift, but it seems relative.
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mooser
Trad climber
seattle
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From zero - inflammatory speculation and name-calling in 60 seconds.
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