--- In [EMAIL PROTECTED], "Mark Kiner" <[EMAIL PROTECTED]> wrote: > Soap box = on > > I have been employed by my current company for 25 years. I am involved in > product development at the company which has about 200million a year in > sales revenue. Each employee in the company (which is privately held) is a > stock holder. > > Based on this experience I can assure you that if a group like this were to > buy the Flyer side of Lionel we would not make decisions much better than > they have. (if as good) Investing in tooling and materials to produce a > product that may or may not sell is a big gamble. It is not uncommon when > dealing with the rather fickle consumer to continuously have over 25% (or > more) of your annual sales volume invested in inventory. Not to mention > money tied up in capital investments. > > I can assure that the altruistic views of a group like this would change if > it was YOUR money. > > Profits in a company are delecate. Not every company out there is an Enron > or Worldcom. In the end getting to keep 5% of the pie Net after taxes is > doing pretty good for most companys. > > And when a comany goes from 5% profit to 10% this will be loudly announced > on the news as 100% increse in profits. We all know the math is correct, but > John Q. average gets a vision that much different at the mention of 100% > increase. > > Many were outraged when Lionel moved assembly off shore. The truth is you > might not be able to buy anything from them at all if they didn't. Labor > costs in this country are just getting too high for companys like this to > exist with a global economy. Why do you think Showcase has most of their > work done overseas? You can buy aluminum RIM injection molding tooling in > Taiwan/China for what aluminum vacuum formed tooling costs in the U.S. > > I am sure this move seemed to many to be a strictly moral issue. And for > some reason people think that decisions made for financial reasons are > immoral. I can assure that a company who does not make frugal financial > decisions will not have any employees to employ. So in my opinion to not be > conservative is to risk the livelyhood of employees. > > Sorry, > > Soapbox = off
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