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The L.S. Starrett Company Message Board

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  • pmlljl pmlljl Jul 27, 2006 9:49 PM Flag

    New low by October


    Your new low arrived early. Maybe they will set a series of new low from now through October.

    Single digits anyone?

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    • dcanuel Jul 28, 2006 1:16 PM Flag

      At some point it has to get interesting from a private equity buyer's pt. of view. That won't be a pretty outcome, but poison pill notwithstanding it presumably gets more difficult as the stock slides further for mgmt. and the board to disregard an overture.

      • 1 Reply to dcanuel
      • Understand that they just closed their Phoenix AZ warehouse this week and that soon will be sold. Starrett is a shell of what it was 5 years ago and yet profits are hard to come by. I think Doug Starrett is doing what he thinks is best for the company but I am unsure whether he has the skills and personality to turn this around. I get the feeling that people closer to the business just do not like him and long time employees do not trust that he has any interest in their future. My workplace will still not purchase any Starrett electronic tools due to numerous quality problems that never seem to get addressed. Instead they slap the Starrett name on Chinese imports and try to sell them for much more that they are worth. I have seen some of the same products sold for 25% to 50 % less by the large tool catalogs without the Starrett name. Its only a matter of time before even the most die hard Starret supporters catch on to this rip off. I am starting to think that I should have listened to value extractors post 6 months ago.

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