Archived posting to the Leica Users Group, 2008/12/13

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Subject: [Leica] Leica Prices to Fall?
From: stasys1 at cox.net (Stasys Petravicius)
Date: Sat Dec 13 16:06:47 2008
References: <COL119-W24E0969AC9BB1341AC868F82F60@phx.gbl> <49BDB7079C364C0CB01DF51169B8E357@D1S9FY41> <814A3E455DDB4540A39AEC94653F3EEB@xyw> <COL119-W177C5692975FE6D824CBBE82F70@phx.gbl>

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> >> >> >  
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In reply to: Message from gregj_lorenzo at hotmail.com (Greg Lorenzo) ([Leica] Leica Prices to Fall?)
Message from sethrosner at nycap.rr.com (Seth Rosner) ([Leica] Leica Prices to Fall?)
Message from alal at duke.poly.edu (A. Lal) ([Leica] Leica Prices to Fall?)
Message from gregj_lorenzo at hotmail.com (Greg Lorenzo) ([Leica] Leica Prices to Fall?)