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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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #180 May 10, 2008 7:45 am |
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Carmine, Investing in BH is investing in many, many corporations not just Kirby. Kirby would of never paid as does James’ namesake. DIB
Hello DIB:
I did not want to hone in on Kirby which is by all means a niche vacuum and market for sales. Albeit one that has been steady and stable for many many years. WIth a well recognized product and brand. We even have a direct descendent of Mr. Kirby himself who posts on this Forum albeit infrequently. Buffett is a marvel at 74. His partner Charles Munger, life-long friends, is 84 and a noted money maker in his own right. Relics some say, just like me, as some say. Among their holdings: McDonald's, See's Candies, Coca Cola, Washington Post, Dairy Queen, GEICO [gecko] and recently fronted $7 BILLION for the Wringley's-Mars candy deal. SEVEN BILLION. By B-H standards that's small. Generally B-H fronts an average of $10-25 BILLION to consumate business deals. Bill Gates and Warren Buffett are good friends. Play poker together. You're an Apple/Steve Jobs guy so I understand your dislike for Gates, who by the way was number 3 by the Forbes rankings with $58 Billion. Bill and Melinda Gates matched Buffett's $31 Billion for their foundation. It does wonderful things worldwide for the poor and hungry with no strings and politics attached. Carmine D.
This message was modified May 10, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #181 May 10, 2008 8:41 am |
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Carmine, My quote of Dyson’s current wealth was taken from this UK online newspaper (at bottom of Dyson article). And it states James is worth over $2b. But upon closer inspection it looks like a typo and the wealth I quoted looks to be from 2007 but the story was mistyped, and the typo read 2008. James like many UK billionaires wealth decreased, James’ estimated worth this year is only $1.5b as you quoted. I fully believe new non-vacuum appliances will be coming and be profitable. DIB
PS: DIB:
My source is one you quoted first: Forbes magazine March 2008. Dyson's decrease in wealth from 2006 to 2007 was very predictable. Why? The downturn in the world economy. His wealth may decrease further depending on the length and severity of the poor global economic conditions. [Did you read the professional advice/assessment of buying/gifting a $600 dyson vacuum for Mother's Day?]. If not, it's on the thread: Dyson in the news. Worth a read. Mr. Dyson should focus on bagless vacuums and making them better and less expensive than the competition. And building a support system of dealers/stores in the US and CAN that can and will service/sell dysons for the long haul. In good economic times/bad. He has not and does not do these things. All the major US big box retailers have/had exclusive dyson models [Target, SEARS, BEST BUY, Wal*Mart]. Even a Susan G. Komen edition. Some more than one. What happened to the vacuum stores/dealer exclusives? The new dyson vacuums are becoming more expensive and require more user maintenance. Is this progress? Or are we going back wards? Dah? And the vacuum store dealership support is just an after thought. These are weaknesses for a business man like Mr. Dyson. And, as we have already seen, costly mistakes. Carmine D.
This message was modified May 10, 2008 by CarmineD
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Lucky1
Joined: Jan 2, 2008
Points: 271
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Re: Big Hit on the London Markets
Reply #182 May 10, 2008 12:44 pm |
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Lucky,</p><p>What are the top 1,2,3 or 4 complaints you hear at your shop from "dissatisfied [Dyson] customers"? DIB
DIB 5 reasons...not in any order but: Too Heavy/Awkward (This could be attributed to many other brands as well) Eats up their rugs Convoluted tool usage Inability to get repaired (Watching their face when told they might have to ship it to Buffalo is priceless...) Emptying dust bin is not as great an idea as they thought
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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 #183 May 10, 2008 4:42 pm |
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Hello DIB: I did not want to hone in on Kirby which is by all means a niche vacuum and market for sales. Albeit one that has been steady and stable for many many years. WIth a well recognized product and brand. We even have a direct descendent of Mr. Kirby himself who posts on this Forum albeit infrequently. Buffett is a marvel at 74. His partner Charles Munger, life-long friends, is 84 and a noted money maker in his own right. Relics some say, just like me, as some say. Among their holdings: McDonald's, See's Candies, Coca Cola, Washington Post, Dairy Queen, GEICO [gecko] and recently fronted $7 BILLION for the Wringley's-Mars candy deal. SEVEN BILLION. By B-H standards that's small. Generally B-H fronts an average of $10-25 BILLION to consumate business deals. Bill Gates and Warren Buffett are good friends. Play poker together. You're an Apple/Steve Jobs guy so I understand your dislike for Gates, who by the way was number 3 by the Forbes rankings with $58 Billion. Bill and Melinda Gates matched Buffett's $31 Billion for their foundation. It does wonderful things worldwide for the poor and hungry with no strings and politics attached. Carmine D. Hello, Re: Gates. When a kid (me) watches his dad go from janitor to owner-operator of 3 successful restaurants and making a very good living via a good idea and lots of hours, then to loose it all because he was strong armed by a billionaire. It is deeply profound and live changing. Eye’s of a victims say it all, especially the eyes of loved ones. I can relate to those who worked hard only to be forced out or hamstrung by Gates’ proven predatory practices. It is said that Alfred Nobel created the Nobel Peace Prize because of the guilt he felt from his business – explosives, explosives that killed many in war. I wonder if the boyish faced Bill Gates is trying to redeem or purge himself with the philanthropy. Gates’ record is clear, he’ll destroy anyone/any business that gets in his way. That is, until the U.S. and European governments stopped him and his partner. It’s public record. I believe what my Book says… That there is a Righteous Judge who sees what’s in people’s harts and minds. I am happy Gates helps others with his money. I am happy seeing old film of the food kitchens serving the hungry of the Great Depression, even when the kitchen/s were financed by Al Capone. DIB P.S. We all have the ability to look away and not look at the hard truth. I’d like to think this is what the seemingly good Mr. Buffett does.
This message was modified May 10, 2008 by DysonInventsBig
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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 #184 May 10, 2008 5:02 pm |
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DIB
5 reasons...not in any order but:
Too Heavy/Awkward (This could be attributed to many other brands as well) Eats up their rugs - By this do you mean the stiff brushrolls on the DC17 or DC21 models? Convoluted tool usage - I rarely use my tools. What do you mean? I personally dislike the strong spring on the hose. Pulling this/extending the hose is a work-out. - Do you ever get complaints saying, "The hose is hard/awkward to use"? Inability to get repaired (Watching their face when told they might have to ship it to Buffalo is priceless...) - Are you talking warrantee work or other? Emptying dust bin is not as great an idea as they thought - Is the problem dust escaping, or having to go outside to dump or something else too? Do you see alot of pre-filters clogged? Thanks man. You and I do not see eye to eye on things Dyson, but your forthrightness and answering my post to you is much appreciated! I had a few other quesitons too, if you can help. DIB
This message was modified May 10, 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 #185 May 10, 2008 5:14 pm |
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Hello, I am happy Gates helps others with his money. I am happy seeing old film of the food kitchens serving the hungry of the Great Depression, even when the kitchen/s were financed by Al Capone. DIB Hello DIB: This reminded me of a similar more recent case. I'm a fan of EWTN which was founded by Mother Angelica, who recently turned 85, over 25 years ago. As a nun, she had no funds. But she had a vision to build a Church/Shrine in Hanceville Alabama. Not knowing where to get the seed money to start the project, she prayed and prayed to come up with the answer. And it came to her. She grew up in a city in Ohio and went to school with many friends who grew up to become mob members. Men with lots of money. So Mother went back to her roots to ask her friends for money. She told them that she would seal their names in the mortar and concrete of the Shrine to the Blessed Virgin Mary, if they helped her financially. In that way, whenever pilgrims made the journey to Hanceville and prayed at the Shrine, these mob members would be remembered for their generosity. An offer that they couldn't refuse. Talk about money laundering! You know the rest. My sense is that if Capone aka scarface, the head of Murderers Inc., died repenting and asking forgiveness and God's mercy, he was well on his way to Eternal Salvation. BTW, Capone died in federal prison of venereal disease serving a 13 year sentence for income tax evasion. Ironically, the evidence used to convict and sentence him was older than the statute of limitations of 6 years. His defense lawyers never asked for the case to be dismissed on those grounds, for whatever reasons. If they had, the judge would have had no choice but to comply and throw the case out. A fatal error on their part for Alphonso Capone. Only satanism denies man his inalienable right to reform. My sense is that Capone did before checking out. And maybe some of those mob members too who financed EWTN for Mother Angelica. Carmine D.
This message was modified May 10, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #188 May 13, 2008 6:48 pm |
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Lucky1, Thank you for your response; you gave me a lot to think about. DIB
After you ponder, let us know what you think!
Carmine D.
This message was modified May 13, 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 #189 May 16, 2008 3:35 pm |
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Hello DIB: This reminded me of a similar more recent case. I'm a fan of EWTN which was founded by Mother Angelica, who recently turned 85, over 25 years ago. As a nun, she had no funds. But she had a vision to build a Church/Shrine in Hanceville Alabama. Not knowing where to get the seed money to start the project, she prayed and prayed to come up with the answer. And it came to her. She grew up in a city in Ohio and went to school with many friends who grew up to become mob members. Men with lots of money. So Mother went back to her roots to ask her friends for money. She told them that she would seal their names in the mortar and concrete of the Shrine to the Blessed Virgin Mary, if they helped her financially. In that way, whenever pilgrims made the journey to Hanceville and prayed at the Shrine, these mob members would be remembered for their generosity. An offer that they couldn't refuse. Talk about money laundering! You know the rest. My sense is that if Capone aka scarface, the head of Murderers Inc., died repenting and asking forgiveness and God's mercy, he was well on his way to Eternal Salvation. BTW, Capone died in federal prison of venereal disease serving a 13 year sentence for income tax evasion. Ironically, the evidence used to convict and sentence him was older than the statute of limitations of 6 years. His defense lawyers never asked for the case to be dismissed on those grounds, for whatever reasons. If they had, the judge would have had no choice but to comply and throw the case out. A fatal error on their part for Alphonso Capone. Only satanism denies man his inalienable right to reform. My sense is that Capone did before checking out. And maybe some of those mob members too who financed EWTN for Mother Angelica. Carmine D. Carmine, good stuff written. Thanks. DIB
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