I suppose you saw the news that Stanley /Black and Decker has made an
offer to Newell on Irwin and the subdivisions, like Hanson... etc.

They offered 2 times the amount that it should have gone for.
I think that will hurt Irwin even more as they try to recoup their
expenditures.

Irwin used to be a quality company 60 or so years ago. Not sure now, I
think it's more low end retail.

We all know that Stanley and B&D are not what they were. But the idiot
analysts on Wall Street think that they are a top tool company that can
set Irwin straight, since Newell had no real tool experience. Isn't it
amazing that the analysts don't know that Stanley and B&D have slipped
into trash companies..



--
Jeff

On Thu, 13 Oct 2016 22:13:25 -0400, woodchucker
wrote:

I suppose you saw the news that Stanley /Black and Decker has made an
offer to Newell on Irwin and the subdivisions, like Hanson... etc.

....and another one bites the dust.

They offered 2 times the amount that it should have gone for.
I think that will hurt Irwin even more as they try to recoup their
expenditures.

Irwin used to be a quality company 60 or so years ago. Not sure now, I
think it's more low end retail.

We all know that Stanley and B&D are not what they were. But the idiot
analysts on Wall Street think that they are a top tool company that can
set Irwin straight, since Newell had no real tool experience. Isn't it
amazing that the analysts don't know that Stanley and B&D have slipped
into trash companies..

They don't care about the quality of the tools, only the quality of
the balance sheet.

On 10/13/2016 9:36 PM, krw wrote:
On Thu, 13 Oct 2016 22:13:25 -0400, woodchucker
wrote:

I suppose you saw the news that Stanley /Black and Decker has made an
offer to Newell on Irwin and the subdivisions, like Hanson... etc.

...and another one bites the dust.

They offered 2 times the amount that it should have gone for.
I think that will hurt Irwin even more as they try to recoup their
expenditures.

Irwin used to be a quality company 60 or so years ago. Not sure now, I
think it's more low end retail.

We all know that Stanley and B&D are not what they were. But the idiot
analysts on Wall Street think that they are a top tool company that can
set Irwin straight, since Newell had no real tool experience. Isn't it
amazing that the analysts don't know that Stanley and B&D have slipped
into trash companies..

They don't care about the quality of the tools, only the quality of
the balance sheet.


Exactly. But they must know what they are doing, B&D has not been a
good brand tool for 35+ years and are apparently still very much alive.

On Thu, 13 Oct 2016 22:40:52 -0500, Leon lcb11211@swbelldotnet
wrote:

On 10/13/2016 9:36 PM, krw wrote:
On Thu, 13 Oct 2016 22:13:25 -0400, woodchucker
wrote:

I suppose you saw the news that Stanley /Black and Decker has made an
offer to Newell on Irwin and the subdivisions, like Hanson... etc.

...and another one bites the dust.

They offered 2 times the amount that it should have gone for.
I think that will hurt Irwin even more as they try to recoup their
expenditures.

Irwin used to be a quality company 60 or so years ago. Not sure now, I
think it's more low end retail.

We all know that Stanley and B&D are not what they were. But the idiot
analysts on Wall Street think that they are a top tool company that can
set Irwin straight, since Newell had no real tool experience. Isn't it
amazing that the analysts don't know that Stanley and B&D have slipped
into trash companies..

They don't care about the quality of the tools, only the quality of
the balance sheet.


Exactly. But they must know what they are doing, B&D has not been a
good brand tool for 35+ years and are apparently still very much alive.

Marketing. We're in a very small minority.

On 10/13/2016 9:36 PM, krw wrote:

They don't care about the quality of the tools, only the gullibility of
the consumer.

fify ...


--
eWoodShop: www.eWoodShop.com
Wood Shop: www.e-WoodShop.net
https://www.google.com/+eWoodShop
https://plus.google.com/+KarlCaillouet/posts
http://www.custommade.com/by/ewoodshop/
https://www.facebook.com/eWoodShop-206166666122228
KarlCaillouet@ (the obvious)

Swingman wrote:
On 10/13/2016 9:36 PM, krw wrote:

They don't care about the quality of the tools, only the gullibility of
the consumer.

fify ...

Well, if a consumer would pay $40 for a tool you could make for $20, or
for $15, which one would you manufacture? I was speaking to a
crafts-person ("woodworker") who explained to me that his tourist
customers would pay the same thing ($5-$15) for a "piece of junk" he
made in 3 minutes as they would if he put "lots more time" in. He was
assembling them by the dozens with a glue gun as we spoke.

On 10/14/2016 3:39 PM, Bill wrote:
Swingman wrote:
On 10/13/2016 9:36 PM, krw wrote:

They don't care about the quality of the tools, only the gullibility of
the consumer.

fify ...

Well, if a consumer would pay $40 for a tool you could make for $20, or
for $15, which one would you manufacture? I was speaking to a
crafts-person ("woodworker") who explained to me that his tourist
customers would pay the same thing ($5-$15) for a "piece of junk" he
made in 3 minutes as they would if he put "lots more time" in. He was
assembling them by the dozens with a glue gun as we spoke.


Pricing all depends on your customer and or the customer you are trying
to attract. B&D pretty much does not train sales staff to sell their
product so they can sell at a lower price and this works for them.

Festool builds a premium product and you have to buy from a dedicated
retailer that is knowledgeable.

I build a certain level of quality and would not change that. I DO NOT
want to do any warranty work so putting more into the quality keeps me
from having to deal with problems after delivery. So I would make the
widget with the $20 materials. Cheap sells and so does quality.

Leon wrote:
On 10/14/2016 3:39 PM, Bill wrote:
Swingman wrote:
On 10/13/2016 9:36 PM, krw wrote:

They don't care about the quality of the tools, only the
gullibility of
the consumer.

fify ...

Well, if a consumer would pay $40 for a tool you could make for $20, or
for $15, which one would you manufacture? I was speaking to a
crafts-person ("woodworker") who explained to me that his tourist
customers would pay the same thing ($5-$15) for a "piece of junk" he
made in 3 minutes as they would if he put "lots more time" in. He was
assembling them by the dozens with a glue gun as we spoke.


Pricing all depends on your customer and or the customer you are
trying to attract. B&D pretty much does not train sales staff to sell
their product so they can sell at a lower price and this works for them.

Festool builds a premium product and you have to buy from a dedicated
retailer that is knowledgeable.

I build a certain level of quality and would not change that. I DO
NOT want to do any warranty work so putting more into the quality
keeps me from having to deal with problems after delivery. So I would
make the widget with the $20 materials. Cheap sells and so does quality.

Yes, I think you summed it up well. Sometimes "Harbor Freight" is the
right solution...
The more you care, or need to care, about things like "quality", the
more you may be willing to pay. I use Suave shampoo--what do I
know...lol Like I sometime tell my barber, "You don't prune a dead
tree..." (It's not original but I like it)

Bill

On Thu, 13 Oct 2016 22:13:25 -0400
woodchucker wrote:

I suppose you saw the news that Stanley /Black and Decker has made an
offer to Newell on Irwin and the subdivisions, like Hanson... etc.

birds of a feather flock together

but the question is does this mean that those tools will increase or
decrease in price

increase because now they have limited or removed their competitor

decrease because they still have competition

such as harbor freight

i bet that the prices go up since hf is not in home improvement stores
as far as i know and so that market will see an increase

On 10/17/2016 12:46 PM, Electric Comet wrote:
On Thu, 13 Oct 2016 22:13:25 -0400
woodchucker wrote:

I suppose you saw the news that Stanley /Black and Decker has made an
offer to Newell on Irwin and the subdivisions, like Hanson... etc.

birds of a feather flock together

but the question is does this mean that those tools will increase or
decrease in price

increase because now they have limited or removed their competitor

decrease because they still have competition

such as harbor freight

i bet that the prices go up since hf is not in home improvement stores
as far as i know and so that market will see an increase



well, it has to go up, they spent 2 x what it should have gone for. That
means they are going to lower quality and increase cost to make up for
that expenditure.



--
Jeff

On Mon, 17 Oct 2016 18:54:10 -0400
woodchucker wrote:

well, it has to go up, they spent 2 x what it should have gone for.
That means they are going to lower quality and increase cost to make
up for that expenditure.

could be but hf is probably happy about it no matter what happens

Electric Comet wrote:
On Mon, 17 Oct 2016 18:54:10 -0400
woodchucker wrote:

well, it has to go up, they spent 2 x what it should have gone for.
That means they are going to lower quality and increase cost to make
up for that expenditure.
could be but hf is probably happy about it no matter what happens

I just checked, they are "privately held" so you can't buy stock in them.