Vacuum Cleaners Discussions

DIB:

HOOVER is a mainstream seller.  Always has been.  It's understandable to have a full and complete product line.  Dyson is a niche vacuum which can't sell to mainstream America thru big box stores in bad economic times.  Dyson lost market share in 2007 and 2008 to all the brands that it competes with in the big box stores.   Same for 2009, dyson sales are tanking in all the major retailers so far this year.

Carmine D.

Somebody has to sure up your favorite brand, which is tanking fast.  BTW, HARDSELL if your peruse the BH financials, you note that the Oracle of Omaha has an investment interest in TTI, the parent of HOOVER.  Yet another laugh at your expense!

Carmine D.

Somebody has to sure up your favorite brand, which is tanking fast.  BTW, HARDSELL if your peruse the BH financials, you note that the Oracle of Omaha has an investment interest in TTI, the parent of HOOVER.  Yet another laugh at your expense!

Carmine D.

Another laugh on you Carmine.  You sould not answer the question so you try to twist out of it.

Why didn't he buy Hoover when it was failing? Maybe he knew better than you that Hoover was doomed.

Now, can you answer the original question.  I think not.

Wrong again, HS.  It's getting to be habit forming with you.  He did you one better.  Buffett watched the TTI HOOVER WP deal crystalize, and others too, then invested in TTI.  Smart money man.  Get's more for his investment.  In an economic tsunami like this one, you don't want to put all your eggs in one basket.  You want to diversify your investments.  Like RC Willey, Buffett's latest purchase.  A retailer.  Best in the west.  Appliances, rug and floor coverings, electronics, furniture.  One stop shop!  Did I mention which vacuum RC Willey gifts with a purchase of $1000 in rugs?  No?  Forgot?  HOOVER TEMPO.  HOOVER even made a special edition just for RC Willey and this purpose.  Are you beginning to connect the dots? 

Maybe you should take notes, so you can go back over and review from time to time to refresh your memory!

Carmine D.

Carmine, I know about WB and his strategy on investments.  Do you know the answer to my original question?

Pay attention and quit twisting.

Wrong again.  HARDSELL, if you truly know WB's investment strategy, you would never have asked a "non-soup" question like: Why did HOOVER go belly up?  It's a logical contradiction.  Some other dyson promoters here suffer from the same too.  You are so focused on promoting the dyson bagless bin propaganda, that you forget about the importance and significance of the vacuum's performance and price.  Hence, the reasons that it took the good engineer too long to scrub the farcical clutch and add height adjustments to the uprights.  Self-adjusting nozzle head?  Yeah right.  HOOVER went down that road over 40 years ago.  What was James thinking?  Or was he?

Carmine D

Wrong HS.  Your question is a logical contradiction.  You don't comprehed my answer.  You don't buy companies that go belly up.  It's called bankruptcy: Liabilities exceed assets.  The court appoints a liquidator and the sales of the company's assets go to pay down the debts and payoff the creditors.  Usally pennies on the dollar.  In other words, the company is not an ongoing business concern any longer: It's out of business.  i.e. Circuit City, Linens-N-Things.

You're confused again.  Dyson is headed towards bankruptcy.  It's signatures models are extinct:  DC07, DC11, DC14, DC 16, DC18, DC20, DC22, AirBlade, wheel ball barrel, rotating washer, etc.  Poorly selling products lead to huge sales and discounts, huge sales and discounts lead to yearly operating losses;  and yearly operating losses lead eventually to bankruptcy.  

Carmine D.

I simply asked why did Hoover go belly up.  That had nothing to do with WB or why you buy companies.

I am not confused like you.  Again, you can't answer my question.

Thanks for all the laughs. but I have wasted enough time with your twisting.