The thing to keep in mind with MrPete is he is very direct &
as far as I can tell I have never seen him hold back on anything
which can be a good thing. He is very strong in his opinions as
are many here my self included . I think his opinions come from
living in a area that he has seen himself in person so many
companies go over to the dark side & then dissapear . This one
is a bit closer to him I think , ya can kinda see it in his eyes .
I have friends that have sold/given away things that they were
very proud of just because the manufacturer did something like
this . Fender guitars is a great example of this they will no
longer own anything that was made after Dec 31 1964 , CBS
officially took over Fender on Jan 5 1965 & now fenders are
made in at least 4 different countries . Gibson is still made in
USA but I can't say all the parts are . The results from deals
like this usually have a up gain for the $$$ folks & a
downhill trend for the employees product .
or I could be totally pounding sand on this one .
end of rant
animal
On 3/18/24 4:57 AM, chrisser via
groups.io wrote:
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Vid dropped this morning by Mr. Pete about Starrett being
acquired.
"ATHOL,
MA, March 11, 2024 – The L.S. Starrett Company (“Starrett” or
the “Company”) (NYSE: SCX) today announced that it has entered
into a definitive merger agreement in a go-private transaction
with an affiliate of MiddleGround Capital (“MiddleGround”) in
an all-cash transaction for $16.19 per share."
I don't know if it's necessarily as bad as the
video makes it out to be.? Could actually be good for the
company.? But it seems like tool companies don't have a history of
being better after these sorts of transactions.
