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Thread Number: 2154
Maytag to Be Purchased by Investors for $1.13 Billion |
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Post# 67390 5/19/2005 at 20:26 (6,915 days old) by Launderess  (Quiet Please, There´s a Lady on Stage) |
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One of the things I thought would happen with Maytag, finally did. Read the link: Launderess (who was telling a certian someone around our house we should have been buying those cheap Maytag shares.) CLICK HERE TO GO TO Launderess's LINK | ||
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Post# 67402 , Reply# 1 5/19/2005 at 21:41 (6,915 days old) by Pulsator (Saint Joseph, MI) |
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NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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| Post# 67424 , Reply# 2 5/20/2005 at 04:16 (6,914 days old) by hooverac216 () | ||
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whoooo hooooo | ||
| Post# 67435 , Reply# 3 5/20/2005 at 08:02 (6,914 days old) by agiflow () | ||
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Even though it is premature, i have the feeling that that is the end of a once great manufacturer :( | ||
| Post# 67436 , Reply# 4 5/20/2005 at 08:32 (6,914 days old) by veg-o-matic (Baltimore, Hon!) | ||
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Post# 67449 , Reply# 5 5/20/2005 at 12:28 (6,914 days old) by gansky1 (Omaha, The Home of the TV Dinner!) |
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Grab Those center-dial 'Tags now!
Going private is probably just a temporary situation in order for the new investors/owners to straighten out some things in the company out of the public eye and then re-introduce it as a public company once things are back in order. Most analysts are thinking increased overseas production will help to bring it back to profitability. Perhaps the Atlantis/Norge design washers will be collector's items long before we thought! | ||
| Post# 67478 , Reply# 6 5/20/2005 at 16:23 (6,914 days old) by cybrvanr () | ||
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Yea, chinese junk, that's what they need! Sure helped RCA out in the 1980s! | ||
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Post# 67485 , Reply# 7 5/20/2005 at 16:47 (6,914 days old) by Goatfarmer (South Bend, home of Champions) |
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Pulsator,tell us how you really feel! I too am thinking this is the beginning of the end of Maytag as we know it.They'll probably sell off some of the better known brands,like Amana,JennAir,and Hoover,maybe even get out of the vending machine business.I bought Maytag stock years ago,because it was a company that made a great product,a product you could be proud of. But after the Neptune fiasco,and the downgrading of their quality over the past few years,I regret not selling my shares a year ago. kennyGF | ||
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Post# 67502 , Reply# 8 5/20/2005 at 18:48 (6,914 days old) by appnut (TX) |
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| Post# 67510 , Reply# 9 5/20/2005 at 20:05 (6,914 days old) by doityrselfguy () | ||
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Parts I surely hope this change won't adversely affect the availability of parts from all the on-line stores, for those of us working on old Maytags. | ||
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Post# 67546 , Reply# 10 5/20/2005 at 23:39 (6,914 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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Game Not Over Yet
Maytag shares have soared and now it seems others including Samsung may get in on the action. Launderess CLICK HERE TO GO TO Launderess's LINK | ||
| Post# 67559 , Reply# 11 5/21/2005 at 00:46 (6,913 days old) by kenmore1978 () | ||
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Load Sensor agitator I wouldn't fault Maytag for the Load Sensor agitator, after all, it was a copy-cat thing. I find they work quite well, especially for people who tend to overload their machines. Ensures there'll be SOME kind of load turn-over. | ||
| Post# 67628 , Reply# 16 5/21/2005 at 15:35 (6,913 days old) by repair-man (Pittsburgh PA) | ||
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My subject header was too long and got cut off. It was supposed to say "a few thoughts from a former mom and pop maytag dealer". | ||
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Post# 67643 , Reply# 19 5/21/2005 at 18:48 (6,913 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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Let us all take a step back and evaluate the situation calmly. No one can dispute Maytag was having somewhat of a hard time recently, and may or may not have shot itself in the foot with recent aqusitions, product line changes. Maytag's current problem had more to do with Wall Street than dropping the Dependable Care Line. Maytag like many other appliance makers was being hit on several fronts, high domestic US labour costs, energy costs, and lately high steel costs. Maytag to it's credit kept more production in the United States than many of it's rivals. The Newton plant in particular is very costly for Maytag in terms of production costs, but yet it was kept open. This as Electrolux and others were bailing out of manufacturing towns left and right. What going priviate will mean for Maytag is breathing room, away from having to meet Wall Street expectations. With that monkey off their backs, Maytag can concentrate on reshuffling itself and once again return to high profits. Is there going to be pain on the part of Maycor workers and retirees? Probably, but this is happening all over the US from airline employees to factory workers. In a country that lacks a full government pension and full health scheme, it was left for companies to fill the void. As these costs rise companies find it is creating a huge financial drain on their resources at a time with global competition (much of it from contries that do have government health/pension schemes), makes rising prices impossible. The jury is still out on weather or not Maytag would have survived much longer without this plan. The company needed funds and it's bonds were rated at or below junk status,and stock price was, well you know; it was ripe for either a hostile takeover or bankruptcy. Launderess | ||
| Post# 67655 , Reply# 21 5/21/2005 at 22:10 (6,913 days old) by mayken4now (Panama City, Florida) | ||
Oh My This | ||
| Post# 67656 , Reply# 22 5/21/2005 at 22:13 (6,913 days old) by maytagbear (N.E. Ohio) | ||
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Well, then, Laundress, dear, Isn't about time that American manufacturers made demands of this "government" to institute a national health care and a national pension? Lawrence/Maytagbear | ||
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Post# 67817 , Reply# 25 5/23/2005 at 14:09 (6,911 days old) by Gyrafoam (Wytheville, VA) |
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Laundress----- When I click on the link I only get a home page for Bloomberg. What do I click on from there to find the article on Maytag? | ||
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Post# 67818 , Reply# 26 5/23/2005 at 14:29 (6,911 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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