[Leica] Too much inventory

[creativevisions at verizon.net (Michael J Herring)]

Regarding Hermes selling out  -
Good riddance to bad rubbish !!! (A LA CARTE, etc)

Mike
----- Original Message -----
From: "Frank Filippone" <red735i@earthlink.net>
To: "Leica Users Group" <lug@leica-users.org>
Sent: Thursday, June 02, 2005 1:54 PM
Subject: RE: [Leica] Too much inventory


> You are correct regardless of the % of the sales in any one currency.
>
> I agree with you even more strongly in the selling the company.  In this
> particular case, the authorization to sell off more new stock is
basically
> asking for someone to preserve the company and to capitalize the
company.
> I
> bet Hermes will bail as soon as it is possible.....
>
> Frank Filippone
> red735i@earthlink.net
>
> Hi Frank:
>
> assuming the major market is in $ (independent how accounting works):
>
> - costs in Euro
> - revenue in $
> - $ sinks vs Euro
> -> prices must go up to make profit. Assuming the market takes it.
>
> The $ sank drastically vs the Euro H2/2004
>
> I think it is possible that Leica is trying to cut costs and _then_
> sell the company. Reducing inventory is a popular way of doing
> so (and become more flexible).
>
> Regards,
>
> Roland.
>
>
>
> _______________________________________________
> Leica Users Group.
> See http://leica-users.org/mailman/listinfo/lug for more information
>


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