Vacuum Cleaners Discussions |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Big Hit on the US/World Markets
Original Message Jan 21, 2008 2:11 pm |
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Early news reports in the USA are saying the London financial markets nosed dived today in the worse downturn ever. This comes on the heels of a 4 percent drop in the Dow Jones Industrials last week alone. Since today is a Federal Holiday in the US in observance of Dr. Martin Luther King the financial markets are closed. Not sure what impact the London market fall will have on the US markets--have to wait to see. What and how long will it take jaydee to realize that he needs to enter the low to middle price range vacuum market to stay competitive in the USA in the big box stores' venue? Any news yet on the 2007 dyson sales? Carmine D.
This message was modified Jun 27, 2008 by CarmineD
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Big Hit on the London Markets
Reply #151 May 7, 2008 3:56 pm |
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DIB: I don't know if you have followed the bankruptcy proceedings of Lionel, a 108 year old company famous for hobby/model trains. In 2004 a federal jury ordered that Lionel pay a rival train maker [MTH] for trade secrets dispute of $39 million. Mr. Calabrese, the new CEO of a few months, filed for Chapter 11 knowing the payout could not be made by lionel He led lionel thru the restructuring. An appeals court overturned the decision by the jury and the amount. Ordered a new trial. Lionel and MTH recently settled out of court for an undisclosed amount and Lionel emerged from bankruptcy. 3 1/2 years later. Calabrese is a former Marvel Comics Exec, and under his tutalege Lionel has fared well with record breaking profits that are the best for the company in decades. BTW, up until recently LNT had one of the best array of vacuum brands for sale and the best vacuum advertising supplements. Always featuring dyson as its top seller with the infamous 20 percent off MSRP. These sales advertisements appeared semiannually and I trust will be collector items in the future. Carmine D.
Hi Carmine,
Yeah I know, I reported it further up this thread. - JUST KIDDIN Very interesting stuff indeed! I'm a little under the weather today, I'd like to talk/comment on this later. DIB
This message was modified May 7, 2008 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #152 May 8, 2008 6:48 am |
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DIB: Sorry to hear you're not feeling yourself. Does it have anything to do with the failure of dyson DC24/25 to launch on HSN? Now, I'm kidding. Carmine D.
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Big Hit on the London Markets
Reply #153 May 8, 2008 10:24 am |
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DIB: Sorry to hear you're not feeling yourself. Does it have anything to do with the failure of dyson DC24/25 to launch on HSN? Now, I'm kidding. Carmine D. Carmine: Thanks and yes! - Dyson’s “Failure to Launch” and/or failure to inform the public FULLY of the attributes of its new products (past product/s too) is certainly cause for ill. DIB
This message was modified May 8, 2008 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #154 May 8, 2008 12:15 pm |
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Carmine: Thanks and yes! - Dyson’s “Failure to Launch” and/or failure to inform the public FULLY of the attributes of its new products (past product/s too) is certainly cause for ill. DIB
DIB:
We'll have to expect some belt tightening and cutting back at dyson. Why? Because Mr. Dyson withdrew $289 Million US from the company. That's an unusually exorbitant amount to withdraw at one time. I don't accept the reasons provided: To save 8 percent in CGT; Have R&D money; and have cash flow for the new dyson school? The latter is estimated at $25 Million. For that much money in the UK, dyson can build a world class University. These are high schoolers not PHD-s [yet]. R&D money is better served on the company books so the costs and expenses can be amortized over time/deducted from revenue. If used for R&D, the CGT is a moot point. The money isn't taxed because its funneled back into legitimate business expenses which eliminate the increase hit of the capital gains tax. I hear the words of Mole in distance: Wait. Yes. "The party's over." Carmine D.
This message was modified May 8, 2008 by CarmineD
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M00seUK
Joined: Aug 18, 2007
Points: 295
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Re: Big Hit on the London Markets
Reply #155 May 8, 2008 3:16 pm |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #156 May 8, 2008 3:38 pm |
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You need to correct your figures, old chap. The Dyson school is £56m GBP. ($109m USD)
Hello M00seUK:
Good golly old Miss Molly. $109 Million US!! Thanks for the update. Carmine D.
This message was modified May 8, 2008 by CarmineD
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Big Hit on the London Markets
Reply #157 May 8, 2008 5:12 pm |
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DIB: We'll have to expect some belt tightening and cutting back at dyson. Why? Because Mr. Dyson withdrew $289 Million US from the company. That's an unusually exorbitant amount to withdraw at one time. I don't accept the reasons provided: To save 8 percent in CGT; Have R&D money; and have cash flow for the new dyson school? The latter is estimated at $25 Million. For that much money in the UK, dyson can build a world class University. These are high schoolers not PHD-s [yet]. R&D money is better served on the company books so the costs and expenses can be amortized over time/deducted from revenue. If used for R&D, the CGT is a moot point. The money isn't taxed because its funneled back into legitimate business expenses which eliminate the increase hit of the capital gains tax. I hear the words of Mole in distance: Wait. Yes. "The party's over." Carmine D. The party's over? DIB
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M00seUK
Joined: Aug 18, 2007
Points: 295
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Re: Big Hit on the London Markets
Reply #158 May 8, 2008 6:12 pm |
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I was reading that declared pre-tax profits have halved at Dyson in the last year. Although, James Dyson has always said he has resisted floating the company, as he doesn't like the idea of having to make profits every year to please shareholders and their dividends - he prefers the freedom to take risks, invest in R&D and look for a greater profit overall. Of course, there's still scope for the tide to turn - however, they have a healthy supply of new products, airblade and other possible spins off's in the works, are number no1 by sales value in virtually all the countries where it matters and sell at a comfortable margin. Where I'm standing, the operation appears to be standing on firm ground, at last for the foreseeable future.
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DysonInventsBig
Location: USA
Joined: Jul 31, 2007
Points: 1454
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Re: Big Hit on the London Markets
Reply #159 May 8, 2008 7:05 pm |
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The right idea, product or service is important - but how it's marketed is key to it's success. That's why good sales people can earn huge commissions on results; way above the 'backroom boys' who keep the business running. Dyson just uses the marketing mix to sell the idea and get as many people as possible to pay as much as they can afford towards getting it.
I bet they'd have a fraction of the sales they have at the moment, if James Dyson wasn't covering the 'small inventor done good' PR angle time and time again in the press and on TV. You must have seen the latest dyson brochure proclaiming the Asthma friendly certification. 2 pages of pics and narrative with scientists and engineers in white lab coats looking very serious and intent in their daily chores. HAve to hand it to Mr. Dyson very impressive sales work. Carmine D. ------------------------------------------------------------------------------------- Guys, Iona did $250 million in sales, selling Fantom’s in Canada and the U.S. in the first three years of operation, that’s around $300m in today’s dollars. The Fantom Fury benefits (from the Fury infomercial) are listed below. 1) No potentially power robbing bags. 2) No bags to buy. 3) Certified HEPA filter 4) It’s a 2 in 1 vacuum (hose and wand make this upright become canister-like). The vacuum simply delivered on it’s promises. No fancy graphics, no Dyson background story, no manipulation, just an inventor and a business taking advantage of missed opportunities… offering new technologies to an antiquated commodity (the vacuum cleaner). DIB
This message was modified May 8, 2008 by DysonInventsBig
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #160 May 8, 2008 7:21 pm |
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Hello DIB: Do you know the average price of a new Fantom? If so, do the math to come up with the sku-s [units] sold per year [on average]. Are you still impressed with the number of sales of the Fantom vacuums? Do you see any around and still in use? Carmine D.
This message was modified May 8, 2008 by CarmineD
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