Veritas/Lee Valley manufacturing NOT at risk.

[woodshavings]

This is terrible news, it looks like Veritas manufacturing in Canada is in trouble because of the slide in value of the $US.
http://www.canada.com/ottawacitizen/new ... a7&k=92011

John

 

[Philly]

Ouch!
Hope things get better 8-[
Philly

 

[Rob Lee]

Hi All,

No worries here... there was a quote taken out of context during a 2-hour meeting/interview with a reporter (meeting was on making Christmas presents). Dad was explaining negative effects of rapidly fluctuating currency, and some particularly ill-conceived Ontario legislation - pointing out the negative effects of both. The actual story on what Dad's making for Christmas will run soon...

Hate to cut short the run on buying up all existing Veritas inventory though...

Cheers -

Rob

(Crossposting this to other boards too...nice to know y'all care!)

 

[Newbie_Neil]

Hi Rob

No worries here... there was a quote taken out of context .....

Glad to hear that everything is OK.

Cheers,
Neil

 

[Philly]

Ahhhhhh...thanks Rob!
I'll stop with the panic-buying, then :wink:
Philly

 

[Losos]

there was a quote taken out of context during a 2-hour meeting/interview with a reporter

Well there's a surprise :wink:

Any data / info provided during 2 hour interview with a reporter is about 1 hour 55 minutes longer than most of the media can handle.

Sorry Rob, I don't have much faith in the media, in fact I think they are responsible for much that's wrong with our world today

 

[tnimble]

Glad to hear Rob! Looking forwrd upon all the things to come.

 

[woodshavings]

That's good news Rob, maybe sales to Europe will keep things in balance.
John

 

[Stu in Tokyo]

there was a quote taken out of context during a 2-hour meeting/interview with a reporter

Well there's a surprise :wink:

Any data / info provided during 2 hour interview with a reporter is about 1 hour 55 minutes longer than most of the media can handle.

Sorry Rob, I don't have much faith in the media, in fact I think they are responsible for much that's wrong with our world today

Mark Twain said it best........

"If you don't read the newspaper, you are uninformed, if you do read the newspaper you are misinformed"

 

[Losos]

Mark Twain said it best........
"If you don't read the newspaper, you are uninformed, if you do read the newspaper you are misinformed"

:lol: :lol: :lol: Thanks Stu, I had forgotten that pearl of wisdom from MT and so very very true :lol: :lol: :lol:

 

[Rob Lee]

Hi -

The following was printed in the Ottawa Citizen this morning. I should mention that while most of the facts are correct in the article - not all of them pertain specifically to LV or Veritas. The reporter feels terrible about how the context was misconstrued.

On page 2 of today's Citizen there is an Editor's Note that reads as follows:

"In a story on page C1 Monday about how the high Canadian dollar is affecting Lee Valley Tools, Leonard Lee said, "I think we'll make it through next year but we can't continue forever." Mr. Lee was referring to the expectation that the company would continue its 30-year history of not laying off any employees, not the possibility that the company would get out of manufacturing."

Cheers -

Rob
(cross-posted)

 

[Routermonster]

Oh Dear!

I should have read ALL the posts on this thread before I started panic buying ....

Too late now, I guess I'll just have to keep the LAJ when it arrives, won't I? :lol:

Seriously though, glad to hear your response Rob.

Les