[AZ-Observing] Re: Meade Closing production in Californa
- From: <stars1@xxxxxxxxxxx>
- To: <az-observing@xxxxxxxxxxxxx>
- Date: Sun, 21 Oct 2007 18:26:11 -0700
Dick H
Ha Ha Ha I love it. That is the funniest comment I have heard in quite a
while. Thanks, made my night.
Thomas Hilton
-----Original Message-----
From: az-observing-bounce@xxxxxxxxxxxxx
[mailto:az-observing-bounce@xxxxxxxxxxxxx] On Behalf Of Richard Harshaw
Sent: Sunday, October 21, 2007 5:33 PM
To: az-observing@xxxxxxxxxxxxx
Subject: [AZ-Observing] Re: Meade Closing production in Californa
Just don't chew on any of the paint on the OTAs...
Dick H
-----Original Message-----
From: az-observing-bounce@xxxxxxxxxxxxx
[mailto:az-observing-bounce@xxxxxxxxxxxxx] On Behalf Of Stan Gorodenski
Sent: Sunday, October 21, 2007 4:25 PM
To: az-observing@xxxxxxxxxxxxx
Subject: [AZ-Observing] Re: Meade Closing production in Californa
>
>
>"On October 11, 2007, we announced a restructuring plan that would
>significantly reduce our cost structure by moving our California- based
>manufacturing operations to a lower-cost location.
>
My guess is that the increasing flood in our market of cheap Red Chinese
goods is a factor, and, obviously, American manufacturers are not on an
equal playing field with Red China in many many ways. I interpret this,
i.e., having to move their California based manufacturing operations to
a lower cost location, to mean that the American public is not willing
to pay a higher cost for American made products because of higher
production costs to have these products manufactured in the U.S. Thus,
companies have to increasingly turn to Red China to manufacture products
for them under their name, or significantly reduce their profit margin
to compete (somewhat a distortion of the meaning of the word) with
similar products manufactured in Red China, which places them at more
financial risk. The bright side is that we all get cheap products at the
expense of having a healthy manufacturing base in our country.
Stan
>In addition, we announced
>that the Board of Director's has formed a special committee and will engage
>an investment bank to assist the Company in exploring strategic
>alternatives. Such alternatives may involve a financial restructuring of
the
>Company's capital structure or potentially the sale of all or a portion of
>the Company. At this time there can be no assurance that the Company will
be
>able to execute on any strategic alternatives"
>
>
>
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