Status of Everything Attachments

[Gator6x4]

Seems to me he would make an awesome typical Congressman:

1. He lies to his customers/constituency
2. He syphons off customer down payment/taxes for his own personal use and wealth building
3. Spends way more money than was paid/confiscated from the people he supposedly serves.
Basic politics 101

Patrick

Ted Corriher is what is referred to as old money. His father pioneered the internet sales of small tractors. He had package deals on Ford/New Holland. He would sell the tractor and implements loaded on a trailer. Or bring your own trailer and a truck and take the package home.

When Ted's father died he sold the tractor business and retained the implement business which he still operates today.

https://www.(Temporarily blocked due to reports of company closure)/articles.asp?id=145

Do a search on (History of Everything Attachments)

 

[Gator6x4]

True

Interesting story, but it is apples an oranges to the subject of this thread. There is nothing that EA made that was so unique that it couldn't be sold the next day or the next week.

What you say is true. But don't forget companies operate with a bare bones number of employees today. Money, operating capital has to also be spent to purchase the expensive steel since the tariffs were added.

So you have operating capital, labor manhours etc in a product now setting on the lot collecting dust because someone suddenly had an acute case of buyers remorse and didn't come get and pay for the product.

 

[Fuddyduddy1952]

EA sold attachments. The pre-Covid picture shows plenty in stock as it should be.
For years I ran a business and changed my policy a little with each snafu.
Any business will have problems which is why they need a contract. We recently bought a new car and although paying cash I had to sign 10 forms even granting dealer my POA just for DMV so they could send me tags, title, etc.
In the gator "neighbor called" that's happened to me and discussed here on TBN. It's simple: never get embroiled in someone's problem. The help is: "Sure...here's their phone number. Have a nice evening".

 

[buckeyefarmer]

I placed my EA order 2/14/2020, it shipped 2/18/2020, I picked it up 2/20/2020, It got dirty 2/22/2020.
that was right before we had heard of Covid.

 

[Fuddyduddy1952]

Their BBB complaints are increasingly since people have paid and not able to call, email or get merchandise.

 

[Fuddyduddy1952]

I wonder about people placing an order every day!

 

[rbstern]

It's a bad business model for a small business that doesn't have the leverage to demand a hedge contract.

A hedge contract can be as simple as a futures option on commodity steel. It's a simple calculation to figure out how much of a future option to buy at a given price in order to provide protection against a substantial rising commodity price. If the commodity price goes up sharply, you execute the option, and the profit on that option is effectively the discount on your increased steel prices, keeping your overall cost relatively unchanged.

It incurs a marginal cost to overall material prices (useless if prices remain same or drop). But it protects against wild upward swings.

 

[Peter 315]

Amazon.comYou can still get EA t-shirts..lol

 

[Jstpssng]

Amazon.comYou can still get EA t-shirts..lol

Pay today, delivered March 4... 2025.

 

[Fuddyduddy1952]

You mean 4/1/25
April fools day