GPI / Paulson CEO Resigns (2 Viewers)
- Thread starter justsomedude
- Start date
The new CEO is named Thieffry...that can't be good.
Darthhoodie
Flush
Is this the guy who decided to not sell me chips anymore?
Edit: If not I apologize to him and his family.
Edit: Looking back, probably not the most mature thing I did today.
Edit: If not I apologize to him and his family.
Edit: Looking back, probably not the most mature thing I did today.
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OP
OP
justsomedude
Straight Flush
New CEO could bring lots of changes... maybe for the better?
If you're a shareholder, it would be a good time to contact them and ask that they return to the home market.
Has any of them apologised to us and our families? 
WedgeRock
Royal Flush
Maybe it's really "Sieffry" and then typist just has a lisp.
OP
OP
justsomedude
Straight Flush
Nex
Flush
The fact that they explicitly mentioned that his departure had nothing to do with him disagreeing with company management does tell some story I think.
Darthhoodie
Flush
Has any of them apologised to us and our families?
This ^
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WedgeRock
Royal Flush
Home market sales would reverse that earnings trend, I do believe.
And I don't mean another boat buy...
And I don't mean another boat buy...
200 Motels
Flush
You watch, next step is to pack up the Mexico plant and ship production to China. Cheap labor just got cheaper.
Would then Paulson be considered China Clays?
Nex
Flush
Easiest way to increase sales again would be to downgrade product quality.
Chips grind down faster during casino use, casinos gotta re-order new chips more often.
"New! Improved formula!"
Chips grind down faster during casino use, casinos gotta re-order new chips more often.
"New! Improved formula!"
lol. I managed to sell the Rio on a large set of crappy cat whiskered house mold chips with mismatched inlay colors. Time to get out of dodge before they realize what happened.
WedgeRock
Royal Flush
Nex
Flush
OP
OP
justsomedude
Straight Flush
Maybe you can a get custom personal set if you are a shareholder.
Being a shareholder (or not) with "insider information" is a powerful weapon. You just have to be willing to wield it.
But whatever you call it just don't call it a Group Buy.
Maybe the answer is to buy shares and then submit a shareholder proposal. Use corporate governance processes to open the chip market. Has anyone ever attended the annual shareholder meeting and attempted to ask questions?
Might be a fun project. I'm already imaging the title of the shareholder proposal...”proposal to end the misguided policy of not selling chips to the biggest fans of the company’s products”
Might be a fun project. I'm already imaging the title of the shareholder proposal...”proposal to end the misguided policy of not selling chips to the biggest fans of the company’s products”
DrStrange
4 of a Kind
GPI has just under 8,000,000 shares outstanding. Their year over year lost earnings were $2,480,000.
The collective "boat" order might have totaled $500,000. Let's just guess and call their variable { i.e. ignore fixed costs, just consider the cost of production } profit margin after taxes 40% of sales. Roughly that comes out to 10% of the lost profits could be linked to the ending of the boat orders.
Bottom line is a huge "home market" order is a big deal. We might laugh about it, but the boat orders likely represented five percent of the total profits of the company the year they were purchased.
Food for thought -=- DrStrange
The collective "boat" order might have totaled $500,000. Let's just guess and call their variable { i.e. ignore fixed costs, just consider the cost of production } profit margin after taxes 40% of sales. Roughly that comes out to 10% of the lost profits could be linked to the ending of the boat orders.
Bottom line is a huge "home market" order is a big deal. We might laugh about it, but the boat orders likely represented five percent of the total profits of the company the year they were purchased.
Food for thought -=- DrStrange
WedgeRock
Royal Flush
...minus the cost of the new Rio chips they had to eat.
More fallout from the boat buy -- the buck stopped at the top.
Isn't Tommy's maiden name "Thieffry"?:
Isn't Tommy's maiden name "Thieffry"?
:
Klobberer
Full House
I may be wrong, but I think I saw somewhere that there are around 3700 members worldwide...no amount of group buys from that small of a pool is going to save GPI. Made in China! Looks like our good old made in the USA chips are going up.
OP
OP
justsomedude
Straight Flush
WedgeRock
Royal Flush
Klobberer
Full House
You mean South Texas...
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