Archived posting to the Leica Users Group, 2008/12/13
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Greg- It cooled off in sunny Calif today also- plus- we were rained out of playing tennis this am. Hope tomorrow is better. Stay warm, Stasys On Dec 13, 2008, at 4:02 PM, Greg Lorenzo wrote: > > Seth, > > The Can $ has dropped like a rock, maybe because rock values have > dropped a lot lately. The highest I can remember it was $1.10 US > bought $1.00 Canadian a year ago early November. I was out of the > country and off the grid. The Can $ had dropped back to par before I > returned home. > > If Leica's input costs have dropped, they should be able to drop > prices and maintain profit. This assumes people are still buying. > > Freezing your way too. Too cold to do much here except feed logs into > the fire, curse and dream of tropical Mexico, or Costa Rica. > > Greg Lorenzo > Calgary, Canada > > > "Seth Rosner" sethrosner@nycap.rr.com writes: > Greg, in the > production of cameras, lenses, binoculars etc, Leica Camera > has > costs to cover, many fixed, some moderately variable. But it is not a > > big copmpany that can suffer serious losses over a protracted period > and > survive. We've already seen that. So I doubt that we will see > very > substantial price reductions by Leica during this world > financial > crisis/panic although they may be able to offer some price > reductions. If > they are deep I think the Company would be in some > trouble.> > All are likely aware of the recent dramatic swings in > foreign currency > exchange rates. The dollar has strengthened against > the euro significantly > during the past few months, from $1.55/1 euro > to under $1.25/1 euro and > this could well permit Leica to reduce the > dollar-denominated cost in the > US. Similarly, the looney had > overpowered the US dollar during the past > few years - I think at one > point CAN$0.85. bought US$1. and the two were > at par last summer. > Yesterday it cost CAN$1.2473 to buy US$1. That's a > huge swing.> > I > would not want to head an international business today and have to > make > pricing decisions.> > Here in the North Country we had some > very bad weather yesterday, an ice > storm followed by freezing rain, > then soft wet snow, then a deep freeze. > My electric power went out > twice, but never for more than 20 minutes. Late > afternoon yesterday > my daughter, who lives just 18 miles away, called to > ask if my > granddaughter could have a sleep-over with me. Of course, > nothing > can delight me more. So Emma's father brought her over though > > daughter Rachel stayed at home. 6:30 this morning phone rings and the > poor > girl, shivering and almost in tears says Poppa, I'm freezing > and a little > sick; power had been out all night chez elles and her > indoor temperature > was 40 F. (4 Celsius). So she arrived - with her > two tiny rat terriers who > instantly terrified my three cats - and > got warm, till I took them to a > hot buffet brunch at a nearby > hostelry.> > The ice has downed not only massive branches but large > trees as well, > closed major roadways and disrupted several hundreds > of thousands of lives > hereabouts.> > Get me my M8.> > Seth> >> > > ----- Original Message ----- > > From: "Greg Lorenzo" > <gregj_lorenzo@hotmail.com>> > To: "Leica Users Group LUG" > <lug@leica-users.org>> > Sent: Saturday, December 13, 2008 3:40 PM> > > Subject: [Leica] Leica Prices to Fall?> >> >> >> > The following > article suggests that they might.> >> > see: > > > http://www.independent.ie/national-news/fastest-price-tumble-in-40- > years-set-to-spark-deflation-1572713.html> >> > On the other hand it > might be a good time to stock the wet bar and cigar > > box.> >> > > Greg Lorenzo> > Calgary, Canada> >> >> > > _________________________________________________________________> > > Send e-mail anywhere. No map, no compass.> > > http://windowslive.com/Explore/hotmail? > ocid=TXT_TAGLM_WL_hotmail_acq_anywhere_122008> > > _______________________________________________> > Leica Users Group.> > > See http://leica-users.org/mailman/listinfo/lug for more > information> >> >> > > ----------------------------------------------------------------------- > ---------> >> >> >> > No virus found in this incoming message.> > > Checked by AVG - http://www.avg.com> > Version: 8.0.176 / Virus > Database: 270.9.17/1846 - Release Date: > > 12/12/2008 6:59 PM> >> >> > > _______________________________________________> > Leica Users > Group.> > See http://leica-users.org/mailman/listinfo/lug for more > information> > > > > _______________________________________________> > Leica Users Group.> See http://leica-users.org/mailman/listinfo/lug > for more information > _________________________________________________________________ > Suspicious message? There?s an alert for that. > http://windowslive.com/Explore/hotmail? > ocid=TXT_TAGLM_WL_hotmail_acq_broad2_122008 > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >