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» Termpro Audio Forum » General Interest » General Audio » Rockford stock trading at $1.25/share

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Author Topic: Rockford stock trading at $1.25/share
Notloudenuf
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Full article about their earnings which are at least profitable
http://money.excite.com/jsp/nw/nwdt_ge.jsp?news_id=cmt-073p3261&feed=cmt&date=20080313

Biggest sad part
Mr. Jackson stated, "Our new business model is working well. Margins continue to improve and we are managing expenses carefully. The economics of our new business model should continue to improve as we move into the final phases of outsourcing. We are still on track to completely outsource manufacturing by the end of 2008."

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'94 Grand Marquis
Head: Eclipse 3422/Sansa e260R
Front: Alpine SPS-57C2
Rear: Alpine SPS-69C2
Sub: LA Sound T10
Amp: LA Sound T275

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Posts: 3134 | From: Kinston, NC | Registered: Nov 1999  |  IP: Logged | Report this post to a Moderator
D-Bass
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I can't wait to provide warranties ALL the time.
Oh wait, rockford no longer rebuilds or replaces woofers. They said, give the customer a new one, and we'll issue the retailer a credit.

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World Record-Loudest SPL in my driveway
Team Powermaster/XS-Power
Hifonics Amps, Kicker subs-The way it should be
Zensky....World Domination at It's Finest
www.zensky.com  -

Posts: 2941 | From: Columbus, OH - formerly FL | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
Notloudenuf
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quote:
Originally posted by D-Bass:
I can't wait to provide warranties ALL the time.
Oh wait, rockford no longer rebuilds or replaces woofers. They said, give the customer a new one, and we'll issue the retailer a credit.

Is this caused by outsourcing all of you builds? Have they eliminated all of their manufacturing/re-manufacturing ability in the US?

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'94 Grand Marquis
Head: Eclipse 3422/Sansa e260R
Front: Alpine SPS-57C2
Rear: Alpine SPS-69C2
Sub: LA Sound T10
Amp: LA Sound T275

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Posts: 3134 | From: Kinston, NC | Registered: Nov 1999  |  IP: Logged | Report this post to a Moderator
Rusty...WCA
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ouch

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WWW.DCSOUNDLAB.COM
Team Hifonics
Voted 2004 DB Drag Rookie of the year
2004 World Finals 3rd place finish SS1-2NW
2005 World Finals 4th place finish SS1-2NW
2006 World Finals 3rd place finish SS3-4
2006 Super Street DeathMatch Participant
2007 Super Street 3-4 163.1 with 2 amps [Smile]
2007 West Coast SS3-4 Champion

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quad box
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wow did anyone read between the lines. [Eek!]

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2006 IDBL 2ND PLACE WORLD FINALS
2008 World Records TBA
LiL Scrappy The Louddest Honda 600 in The World!
www.quadaudio.net

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pimpin at my house
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WOW [Eek!]
Posts: 5775 | From: north rose,ny | Registered: Aug 2002  |  IP: Logged | Report this post to a Moderator
D-Bass
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quote:
Originally posted by Notloudenuf:
quote:
Originally posted by D-Bass:
I can't wait to provide warranties ALL the time.
Oh wait, rockford no longer rebuilds or replaces woofers. They said, give the customer a new one, and we'll issue the retailer a credit.

Is this caused by outsourcing all of you builds? Have they eliminated all of their manufacturing/re-manufacturing ability in the US?
I have no idea. I'm a retailer of R.F. products, and thats how they handle warranties now. We give the customer a new woofer, and rockford issues us a credit on our account.

--------------------
World Record-Loudest SPL in my driveway
Team Powermaster/XS-Power
Hifonics Amps, Kicker subs-The way it should be
Zensky....World Domination at It's Finest
www.zensky.com  -

Posts: 2941 | From: Columbus, OH - formerly FL | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
pimpin at my house
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wonder how long they will be making power series woofers now...
Posts: 5775 | From: north rose,ny | Registered: Aug 2002  |  IP: Logged | Report this post to a Moderator
D-Bass
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we can't hardly get rid of our power series inventory. I sell a few every once in a while, and at a damn low price.

--------------------
World Record-Loudest SPL in my driveway
Team Powermaster/XS-Power
Hifonics Amps, Kicker subs-The way it should be
Zensky....World Domination at It's Finest
www.zensky.com  -

Posts: 2941 | From: Columbus, OH - formerly FL | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
snafu
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Bill's quote is true. As for our new in-field policy, we instituted this for our dealers beginning in 2007 for Punch series woofers only. One of the largest costs in warranty of a woofer is freight. Our new woofer team has done an exemplary job of delivering us a product that is very robust, so that it won't fail to begin with. Fact of the matter is, our defective rate on woofers (and amplifiers for that matter) is currently at one of the lowest points in our history. We are very proud to say this and when I'm on the road, dealers are quick to point this out to me.

We'll continue our design and engineering efforts in the USA long after our manufacturing here ceases. This is the magic.

[ 04-29-2008, 04:36 PM: Message edited by: snafu ]

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D-Bass
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At least they fixed the cones. Those used to crack easy.
one of my installers just got back from TopGun. He said you can now slam your fist on the cones and they hold up...instead of cracking on a tap.

--------------------
World Record-Loudest SPL in my driveway
Team Powermaster/XS-Power
Hifonics Amps, Kicker subs-The way it should be
Zensky....World Domination at It's Finest
www.zensky.com  -

Posts: 2941 | From: Columbus, OH - formerly FL | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
Empire Audio-Mike
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quote:
Originally posted by Notloudenuf:
quote:
Originally posted by D-Bass:
I can't wait to provide warranties ALL the time.
Oh wait, rockford no longer rebuilds or replaces woofers. They said, give the customer a new one, and we'll issue the retailer a credit.

Is this caused by outsourcing all of you builds? Have they eliminated all of their manufacturing/re-manufacturing ability in the US?
quote:
Mr. Jackson stated, "Our new business model is working well. Margins continue to improve and we are managing expenses carefully. The economics of our new business model should continue to improve as we move into the final phases of outsourcing. We are still on track to completely outsource manufacturing by the end of 2008."


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Just some thoughts from a nobody. [Smile]
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Posts: 3497 | From: Lakewood,Ohio | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
   

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