The owner of the company in an interview said they made the layoffs and had a very hard time of it. What you think I make this up? Google and read the interview for yourself.
As far as the next recession creating them trouble that is nothing more than an educated guess, but the layoffs and having a hard time staying in business in the last recession is FACT and is right from the owners mouth. If they do not want it stated they should not have done an interview that is posted on the net dated April 2011.
Hey most guys here cut wood and I only said the sawgear may make more sense for most here, not a company with employees.
Heck many companies sales are going down and right now with no houses being built I am screwed. I find no problem with anyone saying it either. My statement does nothing to hurt that company in anyway nor did I intend it to, just making an observation. I should have said (again from the owners interview) that the sawgear was in part developed to get into a different price point and create more business in this hard economy and it is geared toward the smaller shop for that very reason. If these remarks made by the owner are wrong the person of concern can clarify it.
I have not said anything negative about the company at all. I actually like the product!
From the owners current view point they are in good shape right now and I wish them luck. Here is one statement out of about 15 articles that all say the same thing they made it though the recession barely(with help from a Employment Security Department’s Shared-Work program) , but now are hopefully on track to get back to business as usal.
His statement:
Positioned for growth
Dick said TigerStop is in a good position now, maintaining solid relationships with its customers, selling new products and gaining new footholds overseas.
What would help, he said, is if policymakers worked harder to correct the trade imbalances the U.S. carries with other countries. “I don’t feel the U.S. will generate significant jobs until we get some of these structural problems taken care of,” Dick said. (Boy I agree with his statement here!)
In any case, TigerStop believes it’s ready to pounce when the slow economic recovery shifts into higher gear.
“We’re essentially debt-free with the exception of a small real estate loan,” Dick said. “Banks are very anxious to loan to us.” TigerStop is prepared to thrive, Dick said, and “that’s a tremendous thing to be able to say … especially after the crash.”
I wish the company well and really can't believe a two sentence statement would even warrant a comment from the moderator here. I was just posing my opinion on future economic growth of a company, I had no idea that was against any rule. Here is another company that is Tigerstops competition at the higher price points, like Tigerstop's products it is neat stuff as well:
http://www.razorgage.com/RazorGage_Story.html