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Thread Number: 250
Sale of Maytag????? |
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Post# 46651 10/10/2004 at 19:47 (6,747 days old) by coldspot66  (Plymouth, Mass) |
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Has anybody heard anything about Samsung purchasing Maytag?? I have a friend who owns an independent appliance store. He was told this last week at a meeting in Atlanta. Hmmmmm.. | ||
| Post# 46653 , Reply# 1 10/10/2004 at 19:52 (6,747 days old) by mrb627 (Buford, GA) | ||
Funny. | ||
| Post# 46685 , Reply# 2 10/10/2004 at 21:18 (6,747 days old) by laundromat (Hilo, Hawaii) | ||
maytag buyout | ||
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Post# 46690 , Reply# 3 10/10/2004 at 21:43 (6,747 days old) by tolivac (greenville nc) |
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Way Maytag has been going-just might be an improvement! | ||
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Post# 46707 , Reply# 5 10/11/2004 at 01:38 (6,747 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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Rumors have been rife by Wall Street people that Maytag is prime for either a takover or sale. Maytag isn't doing as well as it should, and it's share price is reflecting this. Amoung it's many problems are high labour costs compared to other appliance makers, and that many of their factories are not efficient. It should be noted however Maytag has kept more production in the United States than other appliance makers. Some feel this had | ||
| Post# 46708 , Reply# 6 10/11/2004 at 02:08 (6,747 days old) by arrrooohhh (Sydney Australia) | ||
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Was there some kind of error in your last post Laundress? I didnt get all of it and I am interested in what you were saying. Maybe a take over would serve Maytag right for companies that it has taken over and ruined, i.e. Hoover which used to be one world wide company and is now separate entities around the world. | ||
| Post# 46723 , Reply# 8 10/11/2004 at 09:20 (6,746 days old) by christd1 () | ||
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Maytag/Samsung I would be surprised if Maytag isn't bought out. Samsung and LG need the infrastructure in the U.S. Not to mention, look at the stock value over the past week. Continued decline and no upside in sight. | ||
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Post# 46733 , Reply# 9 10/11/2004 at 13:49 (6,746 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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Arrooooh, Sorry my previous message was cut off. The ending should have read, "some people (meaning Wall Street) thinks because Maytag has tried to keep more production in the United States,they are suffering in terms of costs and margins". Maytag has begun to move more plants overseas and is doing things like the rebadged Samsung sold as "Maytag Neptune Compact Washer/Dryer", but other problems loom on the horizon. One thing all appliance makers are suffering from is high steel prices, which affected both Whirlpool's and Electrolux's margins last quarter. Maytag also has an underfunded pension plan and lots of debt, two other things factoring in. I'd be surprised if Maytag is actually sold to LG, what could happen is some sort of merger or Samsung buying a major stake in Maytag. That would bring in cash and give Maytag access to production and distribution in low cost Asia, without Maytag having to build costly new factories. LG would gain Maytag's distribution and service/tech support in the United States,(the later it REALLY needs IMHO). Launderess CLICK HERE TO GO TO Launderess's LINK | ||
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Post# 46752 , Reply# 10 10/11/2004 at 18:58 (6,746 days old) by goatfarmer (South Bend, home of Champions) |
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Post# 46753 , Reply# 11 10/11/2004 at 19:20 (6,746 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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My bad, previous post should have read "... sold to Samsung" not LG. As for Hoover and the other brands in Maytag's stable they could either be purchased together with Maytag or any number of things. For instance the buyer could sell off brands to raise cash and cut losses. This is all premature, but Maytag really has brought quite allot of this on it's self. What they need to do is look deep into their stable of appliace designs (vintage Dependable Care, Hoover Twin-Tubs and compact dryers) and get back to basics. If Maytag started putting out quality appliances like their old Dependable Care line of washers again, it might win customers back. Also it is probably time to maybe update/redo the original Neptune design. Maybe add a glass door, new features, get rid of the things causing problems etc. With Speed Queen days away from launching their "Commercial HomeStyle" washers for home use, Maytag could introduce some of their better commercial washers, retooled for home use. Hoover is a good example of Maytag taking a great brand and starving it to death. Judging by world sales, twin tub washers are very popular, and very water efficient. If the extractor could be cranked up to "Spin-X" speeds, the combination would be wonderful. Unimac makes an extractor as part of it's tub washer units that sprays a fine mist of water during the spin rinse, before cranking up to extractor speed. It is very good at removing soil,muck and detergent. Maytag could look into this also. In short, again Maytag has vaults of great design ideas,it needs to stop chasing every new fad and get back to basics. Hey if worse comes to worse, ask a few of the members here in the group in for a "Think Tank". If nothing else Maytag execs would get an earful! *LOL* | ||
| Post# 46756 , Reply# 13 10/11/2004 at 19:55 (6,746 days old) by arrrooohhh (Sydney Australia) | ||
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I sometimes wonder if appliance industry forums ever visit these sites. If they did I am sure they would discover some great ideas. Unfortunately I dont think that happens. | ||
| Post# 46768 , Reply# 14 10/11/2004 at 21:54 (6,746 days old) by alr2903 (TN) | ||
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Laundress Ain't no flies on you. Thanks Laundress i always appreciate your postings. alr2903 | ||
| Post# 49059 , Reply# 16 11/12/2004 at 01:10 (6,715 days old) by arrrooohhh (Sydney Australia) | ||
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AFAIK Hoover was never a Door to Door product. I read that Hoover pioneered dealer networks by, when a customer ordered a cleaners, the Hoover company posted it to a local store for collection. If the client was happy the store got a commission. That way he built up a network of people eager to promote his product. | ||
| Post# 49062 , Reply# 17 11/12/2004 at 07:27 (6,714 days old) by kenmore1978 () | ||
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visiting this site has anybody thought of sending a link to this site to the sales people at the various appliance manufacturers? Maybe copies of some of the comment about how lousy new seals are on Maytags and such? | ||
| Post# 49066 , Reply# 18 11/12/2004 at 09:01 (6,714 days old) by PeterH770 (Marietta, GA) | ||
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Post# 49136 , Reply# 20 11/13/2004 at 18:58 (6,713 days old) by Launderess (Quiet Please, There´s a Lady on Stage) |
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The United States has had an "illness" with manufacturing for quite some time now,companies like Maytag are just the rash it's come out in. Maytag probably has more of it's production in the United States than most appliance makers, and their stock price is suffering because if it. While many other compaines pulled up stakes and fled to Canada or Mexico, Maytag tries to keep many US plants open. This despite high labour and other costs that make those plants and therefore the products produced in them somewhat uncompetitive in the market place. The name of the game at the moment is sales numbers. If a company does not meet them, shareholders and Wall Street revolt. So appliance makers keep on producing "junk" and no one really complains because everyone is living high on cheap credit. Heck bet most of these appliances are still being paid for when they end up on the scrap heap. Maytag probably could go back to building dishwashers and laundry appliances that are quality and built to last, but at what cost? Would there be a market large enough to support such appliances at price points that make a profit? With SQ back in the home laundry appliance market, we shall know more when they report their first and second quarter earnings. If the appliances are selling well, and getting good market reviews, maybe other appliance makers will take note. Launderess | ||
| Post# 50670 , Reply# 24 12/9/2004 at 05:16 (6,687 days old) by drmitch () | ||
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Maytag chatroom Maby someone could post a message about this on the maytag chatroom. CLICK HERE TO GO TO drmitch's LINK | ||
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