|
|
Joined:
July 2003
Posts: 3111
Location: Nashville TN. | In the colorful annals of Kaman Corp., this will be remembered as the year the music stopped.
http://www.courant.com/news/custom/topnews/hc-kamanmusic1030.artoct... |
|
| |
|
Joined:
January 2002
Posts: 14127
Location: 6 String Ranch | I think you're right. But let's hope you're wrong. |
|
| |
|
Joined:
July 2003
Posts: 3111
Location: Nashville TN. | The piece had lots of errors in it I posted corrections in the comments section.
I wonder if the Hartford Advocate will cover the story. |
|
| |
|
Joined:
July 2002
Posts: 1900
| Do these stats really make sense for Kaman being sold to Fender?
Kaman only employs 500 people but makes $215 million a year, while Fender employs 2600 people but only makes $430 million a year..So, Fender employs 2000 more people than Kaman but only makes twice as much?...And they say that 'Wall Street' has been skeptical about Kaman and want them to be more focused?...that they think Kaman's music has been "an ill-fitting sideline"?
That's a bunch of Wall Street hogwash.
It sounds like Fender is sinking and wants the music industry to throw them a life-preserver. Fender better learn quality control and customer service from Ovation Instruments or they're going to sink the whole ship... |
|
| |
|
Joined:
December 2003
Posts: 13987
Location: Upper Left USA | Kaman Music is mostly in distribution so the employee count is low while the financial figures are high.
Also, since Kaman was positioned to sell their numbers are current and optimistic while FMIC's are low key and humble.
Tis a a new era upon us whether fit or fire! |
|
| |
|
Joined:
July 2002
Posts: 1900
| Yep, if there's up-side to this it will be 'an original pre-Fender USA Ovation/Adamas'...but, I still don't buy all the wall-street rhetoric. Perhaps it's my experiences from another major industry, the airlines. A big-name cash-poor airline buys a smaller profitable competitive airline and then they both crash...so,whether it's a result of the new era or market forces or international competition, it still sucks.. |
|
| |
|
Joined:
March 2002
Posts: 15664
Location: SoCal | You don't have enough information yet to say that it sucks or doesn't suck. All you know at this point is that KMC is to be owned by Fender. That's it. Nothing more.
My personal opinion is that this may be good as Fender is a music company that wants KMC and Kaman Corp is an aerospace company that didn't want KMC.
But that's only my opinion. Like everybody else, I don't know anything more except the sale is taking place. All the speculation, all the doom and gloom is way premature. There's no place for it and if you're going to be depressed about this, then go home. Let's wait to see how things shake out before being depressed.
Now, how about them Sox? |
|
| |
|
Joined:
February 2005
Posts: 11840
Location: closely held secret | Originally posted by moody, p.i.:
if you're going to be depressed about this, then go home. But I am home. |
|
| |
|
Joined:
April 2006
Posts: 1017
Location: Budd Lake, NJ | And I'm maybe 45 miles from New York, so for some of us the word "Sox" is anathema; we won't even mention which color.
--Karen |
|
| |
|
Joined:
March 2005
Posts: 5563
Location: Blue Ridge Mountains | Me Too!
BTW, what socks? |
|
| |
|
Joined:
March 2002
Posts: 14842
Location: NJ | During every baseball season, we always work Fogerty's "Centerfield" into our sets.
Crowds are generally Yankee fans with a smattering of Met fans.
Not being a sports fan (in the least), it's ALWAYS fun t'piss people off by ending the song with
"Go Sawks!!".
It's really amazing that (in the almost seven years of doing this) we haven't fought our way out of more bars . . . |
|
| |
|
Joined:
March 2005
Posts: 5563
Location: Blue Ridge Mountains | Just Kidding, Paul!
My sentiments exactly Cliff!
Always better to be P'd off than P'd on...
And what is going on with this site???????
now the Graemlins won't pop up!
And its SSSSSSOOOOOOO SSSSSLLLLLOOOOOWWWWWWW! |
|
| |
|
Joined:
October 2005
Posts: 5329
Location: Cicero, NY | Originally posted by Jewel's Mom:
And I'm maybe 45 miles from New York, so for some of us the word "Sox" is anathema; we won't even mention which color.
--Karen I've lived my entire life in NY but don't ask me to root for the Evil Empire. Un-ungh. Just ain't gonna happen no way, no how. I consider myself way too much of a baseball fan to do that. |
|
| |
|
Joined:
January 2003
Posts: 146
Location: Ct./ USA | Moody,P.I. interpretations of this whole mew world has eased some of the pain. I thank you and SOX WIN is so sweet. |
|
| |
|
Joined:
December 2001
Posts: 7222
Location: The Great Pacific Northwest | Originally posted by Steve:
Do these stats really make sense for Kaman being sold to Fender?
Kaman only employs 500 people but makes $215 million a year, while Fender employs 2600 people but only makes $430 million a year..So, Fender employs 2000 more people than Kaman but only makes twice as much?... This reminds be of one of my all-time Favorite experiences. I used to work for the Forum Group which was a Senior Living Services provider.
We had about 50 people at Corporate that supported properties all across the Country. Forum Group was one of the largest senior living services provider in the country at the time. When Marriott Senior Living Services purchased us they were one of the smallest, with only about 20 properties, and their Corporate office had about 500 employees.
When discussing the merge I asked why they wouldn't be adopting Forums management model as we had only 50 people that were doing things rather efficiently and they were using 500 to do a fraction.
The fine folks at Marriott were quick to point out... that they had a much better model. WHen I asked why... the response.. "You only emploee 50 people, while we employee 500."
There really wasn't much else to say after that. Although it may not have been "efficient" one can't knock providing 450 more jobs. |
|
| |
|
Joined:
July 2003
Posts: 3111
Location: Nashville TN. | Fender makes or imports more of its own products,
thus more employees.
KMC distibrinutes many products other people make.
The numbers are not really surprising. |
|
| |
In the colorful annals of Kaman Corp., this will be remembered as the year the music
