Posts: 5,626
Threads: 0
Joined: Nov 2004
The avenue for them should have been a direct sales model to compete with Grizzly. Now they are a big box store company which I guess does drive more volume.
Posts: 10,716
Threads: 1
Joined: Jan 2006
Location: Orlando, Florida
I really don't know if they were profitable or not before their decline. Harvard MBAs - or any MBA for that matter, don't make money liquidating a company's assets and making them unprofitable. They'd get fired in a heartbeat. Even when Delta designed a new table saw and moved manufacturing to the US, it still wasn't profitable. My PM2000 (made in Taiwan) was cheaper than the new Delta TS, which, sadly is out of production.
What did them in is a whole lot of people buying stuff made in China. (A US-made TS in my price range wasn't available when I made my purchase.) It's really hard to compete with someone offering similar goods for nearly half the price. What also did them in was the market crash after the dot-com craze. People stopped buying new furniture and other things that drove the market to use the big machines. Companies like Powermatic survived, largely on their reputation, but even Powermatic moved manufacturing overseas.
Still Learning,
Allan Hill