New President & CEO @ RUGER

[mirglip]

The funny thing is that everyone wants the services that the tax money provides but no one want to pay the taxes.

I disagree. Most of us only want about 10% of the services. The rest are rammed down our throats.

 

[Sam Summey]

The North Carolina County I live in has 6 3/4% sales tax, all the rest of the counties has 7+%. Our county commissioners have been toying around idea of that extra 1/4% while the population of the County has been exploding exponentially. That is enlarging the tax base due to all the new homes and multi-family dwellings. As a "merchant" I have been fighting the tax increase. Less than 10 years ago the State declared that sales tax had to be charged on labor, that means every time a wrench is turned, garbage picked up, pool cleaned, the State and County collects more money than before. That is and was a "wind fall" in revenues. I am sure all that money has been pissed away on State and County levels, my contention, the County doesn't need the extra 1/4% revenue and it should remain in the pockets of the taxpayer.

 

[Yaworski]

I disagree. Most of us only want about 10% of the services. The rest are rammed down our throats.

Fire
Police
EMS
Roads
Sewage
Schools
Recreation areas
Trash collection
Libraries

 

[DGW1949]

Secure borders, national defense, post office. According to the US Constitution, that ought to just about be it from a lawful standpoint, least ways on a federal level....States, counties, cites?...dunno, depends on what the people wanted, as-in what they voted on....My opinion on taxing labor is that it may be legal but I can't find anything that would make it lawful. Big difference, so until I can find the lawful authority for such shenanigans, I'm saying that it ain't.

DGW

 

[Swampbilly_2]

Work for a few years, screw things up, collect your "package", and move on to the next company.

I've seen that Modus Operandi from more than one CEO. They come in with a guaranteed contract...5 years seems common...keep one foot out the door most always. Even if they get fired, most likely the company still has to pay out their contract.

 

[Yaworski]

Secure borders, national defense, post office.

Sales tax is state and local.

 

[Jeepnik]

This is what every MBA sounds like to me . . .

That was exactly what the last company I worked for was like. I retired. They went out of business after almost a hundred years.
II much emphasis on corporate growth and not enough on customer service and satisfaction.

But hey, they did it just like they learned in college, how could they fail. The idiots in charge are likely out there destroying other companies.

 

[Swampbilly_2]

Ruger stock has been in the tank for a couple years. That may be why the change in leadership. Might be a good time to think about buying a few shares.

Many years ago, when Bill Ruger sold the company and the stock went down to something like $6.00 per share, I had the chance to buy in then....would not have been hard for me to invest $5K or $10K into it. With the Ruger family selling the company, I really just didn't know what may become of Ruger... I mean, look at what went on with Marlin.
Anyway, 5 years later...man, I regretted not making that investment. Ruger stock continued to rise and I think even Split once or twice...I'd have had a really nice ROI with that.

 

[Swampbilly_2]

When I was in college, I heard two guys talking. One said that he had an interview coming up with Alcoa. His friend asked, "Do you know anything about aluminum?" The first guy replied, "I don't need to know anything. I have an MBA." Apparently, MBAs are magic.

About twenty years ago, I was talking with an acquaintance who has an MBA. As we were talking, it became apparent that he knew less about accounting than I do (I have six credits in accounting). I asked him how much accounting he had taken and he said "None."

B..b..but....with that "MBA", you'll have your "ticket to the club."

 

[DGW1949]

Sales tax is state and local.

Actually, I was speaking of "services"....as to your point about taxes levied and/or passed on to the consumer you would have been more accurate if you'd have said "some, not all are state and local"....unless of course you don't think that federal taxes on goods 'n services somehow don't count.

DGW

 

[Watertender]

No criticism here.
Just put guns on the shelves! Make that happen please.
I can load up with about all the new Canik and Taurus and Glock and Hi Point and Heritage and Chiappa and Sig and Savage that you can stand to look at. But not Ruger and Marlin unless you are clamoring for the LCP, LCR or 10/22. Ship has sailed on them for the vast majority of us.

Ruger is following the advice from the movie "The Graduate"... Plastics.... Hopefully they start to produce something besides the LCP & LCR. Time will tell...

 

[Yaworski]

unless of course you don't think that federal taxes on goods 'n services somehow don't count.

I know of no federal sales tax.

 

[mirglip]

Fire
Police
EMS
Roads
Sewage
Schools
Recreation areas
Trash collection
Libraries

Once you subtract the social engineering, DEI and other waste, that is about 10%.

 

[el caminero]

His extensive industry background includes well-known companies such as ATK/Vista Outdoors, Magnum Research, Bushnell, Michaels of Oregon, and Birchwood Laboratories.

So he'll be arranging Vista's acquisition of Ruger. Got it.

Someone could find out whst those companies say about his effectibveness

 

[Hvymax]

acks is a stock rating and analysis company. The ratings are the opinions of various annalists based on their research. I just posted in in response to the stock comment/\. There are others like Market beat Tip ranks and Motley Fool. I don't own the Ruger stock. Just adding to a comment.

Is Bill the Cat the arbiter of the Acks Rating?

 

[el caminero]

Is Bill the Cat the arbiter of the Acks Rating?

Ah new sumony was gon acks that

 

[instructor]

Be it a firearms firm or a furniture business the two primary items to pay attention to are ROA and ROI, meaning return on assets and return on investments. The very most important aspect is of course profits and closely managing the ROA and ROI will aid in producing profit. Assets range from employees, machinery, plant facilities, customer lists, operating plans, budget adherence, etc., etc. Investments range is large as well and if a firm would invest greatly in a plant facility and found to not be productive that is s serious threat to the future of the firm. Training of employees is a financial investment and securing those capable of learning is very important and must be looked after on a constant basis. Volumes of books exist on these items mentioned above and you must have at the helm a person very experienced in all of them. The welder on the production line has no idea as to the complexity of running a successful business for he/she has no education on such items. One who holds an MBA attached to his name has had 4-6 years of business training at college or university. Upon graduation time and his/her first employment they are in for many surprises and challenges that face them for aside from the formal training the experience is also vital for a successful career with a firm. Based on the history of the new CEO of Ruger I would venture to say he not only has the proper education but has had business challenges over time and the two normally end up well for the firm and him.

 

[peachhead]

When a company is running like a well oiled Machine hiring from inside is a good practice. When a company has stagnated it needs to be shaken up and re-formed.

I get what you're saying but I wouldn't say that Ruger has stagnated.
I am sure there are some areas that need to be improved. But bringing in a bean counter ain't gonna help. I know the overall philosophy is: you don't have to know how to manage the product, you have to know how to manage the people. I don't think that philosophy always works, if you're not really well versed in that specific product.

 

[mirglip]

Competence is one variable but character and loyalty are also variables. Bill Ruger had the character and loyalty to the company. The firearms had his name on them and he was proud.
A Wall Street CEO with a golden parachute might not have character and loyalty. He might have his cronies do trades on company stock based on adjustments and press releases he has foreknowledge of, which might even include trading on the company's misfortunes he engineered himself. This kind of nonsense happens a lot in the corporate world. He might even have cronies who would buy the company for a song when he wrecks it on purpose. Wall Street types are not to be trusted.

 

[Yaworski]

One who holds an MBA attached to his name has had 4-6 years of business training at college or university.

Make that one to six since you can have a degree in potato chip stacking and get into an MBA program.