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Studly
Trad climber
WA
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May 10, 2010 - 09:23am PT
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another good reason to buy Metolius.
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rlf
Trad climber
Josh, CA
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May 10, 2010 - 09:47am PT
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Hmmm... This ought to be interesting...
Hopefully this doesn't turn into another North Face.
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couchmaster
climber
pdx
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May 10, 2010 - 10:10am PT
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Wow, good points up there above.
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donini
Trad climber
Ouray, Colorado
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May 10, 2010 - 10:17am PT
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Sorry Studly, Metolious has been trying to sell for some time but nobody wants to buy them.
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Spider Savage
Mountain climber
SoCal
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May 10, 2010 - 10:22am PT
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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...."
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TGT
Social climber
So Cal
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May 10, 2010 - 10:22am PT
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Bianchi owns Gregory now.
I wonder if they are only selling off specific product lines?
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Jaybro
Social climber
Wolf City, Wyoming
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May 10, 2010 - 10:24am PT
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Well, they put a good spin on it. We'll see if it's the end, while hoping for a new beginning...
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miwuksurfer
Social climber
Missoula
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May 10, 2010 - 11:48am PT
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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.
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steve_s
Boulder climber
middleton, wi
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May 10, 2010 - 12:06pm PT
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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.
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zeth0101
Trad climber
Oakland, CA
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May 10, 2010 - 12:08pm PT
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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.
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tom woods
Gym climber
Bishop, CA
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May 10, 2010 - 12:23pm PT
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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.
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msiddens
Trad climber
Mountain View
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May 10, 2010 - 12:23pm PT
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Damn- I really hope this isn't a sign of things to come. Like, poor thought out designs.
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scooter
climber
fist clamp
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May 10, 2010 - 12:31pm PT
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Metoluious, Wild Country, DMM!!!! Why would anyone use climbing gear that is made in China? As I have said before China cannot make dog food or tooth paste or toy paint safely. Let alone be trusted to manufacture the one thing that keeps you from being talus mashed potatoes, your cams and 'biners. PLUS.....the whole free Tibet thing and all the other hippy climber causes that China completely disregards.
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Howie
Trad climber
Calgary, Alberta
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May 10, 2010 - 01:17pm PT
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Don't forget to support Mike Graham and his Stonemaster line of clothing.
Great gear.
Howard.
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tom woods
Gym climber
Bishop, CA
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May 10, 2010 - 01:17pm PT
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Skipt- I don't blame the Chinese for being the beneficiaries of American Corporate shenanigans.
Labor is the big expense, to make good stuff you have to pay a good wage. Perhaps they can pay a good wage in china and make good cams. It's tough to say, but I guess we'll find out.
Are the Chinese really Communist anymore? They sure seem like a hyper radical free market capitalist country to me.
It would be tough in this country to cut your baby milk with plastic to make a few extra pennies, not saying people here wouldn't try, but we have regulations and lawsuits and stuff.
They must the wild west over there in China to get a way with it for as long as they did. Then they sentenced a business owner to death for the melamine? Wow!
Labeling those guys with the American conception of communist might not entirely accurate.
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steve_s
Boulder climber
middleton, wi
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May 10, 2010 - 01:21pm PT
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Apologize for any misunderstanding. This was what I meant as to whether Gregory was employee owned as well.
http://www.gregorypacks.com/news/id/24
Having worked for Gregory I really hope they can keep their name and heritage. Anytime there's a "Corporate Takeover" like we're seeing here we all get worried that the product will go to crap. It rarely does and soon enough people stop caring who owns what.
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k-man
Gym climber
SCruz
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May 10, 2010 - 01:42pm PT
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Three Cheers for Wired Bliss!!
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JEleazarian
Trad climber
Fresno CA
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May 10, 2010 - 01:42pm PT
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I wonder what economic factors brought this about. Climbing has certainly changed form the days you could drive up to Chouinard Equipment in Ventura and see Chouinard and Frost there, watch Lost Arrows in the making, and buy seconds from the Great Ones themselves.
The press release says Black Diamond was looking for a merger partner for a year. This tells me that either something was wrong with their capital structure, or somone(s) very high up wants to retire and doesn't trust known successors. Either way, one wonders.
And please don't dis American companies so quickly. Shenanigans didn't bring our economy to lead the world. After all, Steinway still makes the best pianos.
John
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