|11-16-2008, 12:59 AM||#11|
Btchin RckStr Frm M.A.R.S
Join Date: Aug 2008
The real problem is that we have not seen real prices on ANYTHING since the depression. This "crisis" is the result of the incompetence of the monetary system that the U.S. has embraced, which is one based off of credit, debt, an interest rate, and one centralized private bank that they funnel money through. Don't get caught up in the distractions.
|11-16-2008, 01:33 AM||#12|
Fighting to Save the Day
Join Date: Oct 2008
Location: Augusta, GA
Oh for crying out loud, I get so sick of hearing how "big, greedy corporations" ae trying to "stick it" to the proverbial "little guy". Companies charge the price that will bring them the maximum profit and try to make the most efficient use of their resources because that is what their stockholders - you know, all the families and retirees that are depending on them - expect. The problem is that the greed of whiny people who want something for nothing knows no bounds. Furthermore, toys are not exactly a necessity anyway, so if it's just too much, don't buy it. Finally, executives get paid the big bucks because they make the big decisions, and the success or failure of the company is squarely on their shoulders, and like anything else, good talent costs money. If you want the best, you have to pay for it. If you want that kind of money, then develop the right skill sets. Naturally, people will take what the market will give, and frankly, I don't blame them. Anyone here would take that kind of money if they could get it.
Oh, and as far as Hasbro making out like bandits, check their balance sheet. Their NPM (Net Profit Margin) over the last 12 months has been 8.7%. The average large company has an NPM of 10%.
Last edited by MSG Duke; 11-16-2008 at 02:07 AM..
|11-16-2008, 01:53 AM||#13|
Join Date: Nov 2007
Hasbro has also stated that the cost of Chinese labor for the factories has gone up because of pressure from the US to increase quality control. doesn't anybody remember the Disney Cars with lead based paint recall or the weird drugs in the 'water art' toys, anybody remember what happened to the managers of the toy plants that had the problems???. We're gettnig (rightfully so) really tough on mfgs importing from China and that costs Hasbro more money, should they "eat" the cost or make it up in higher prices. if it were my company I know which one I would choose.
|11-16-2008, 04:03 AM||#14|
Join Date: Oct 2003
Location: Altus, OK
Something else to keep in mind is that price changes don't effect all industries overnight, like our gas prices.
In most cases, companies like Hasbro had to purchase the raw materials for these toys several months in advance, not to mention advance purchasing of the transport fuel.
Now, how cheap was gas 6-8 months ago?
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