mike93lx
ALLIANCE MEMBER
Me too
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Did we know Snapon sells for 400 a share?
- Thread starter Shoreline_
- Start date
blown94conv
Well-known member
The marketing department is the reason he’s a billionaire.
Beerhippie
Well-known member
Shoot, $400 would get you a combo wrench and a screwdriver!
woody 73
Well-known member
Fun story that happened to this past Saturday, I went to a meet, (snap-on) story, as I do not own any of their stock, anyhow one of the vendors was selling large tools that were very rusty and covered in years of rust, dirt, and abuse. Another older customer was eyeing everything, but he kept putting tools down and he left without buying anything. Dang when that customer was out of eyesight the vendor a much younger man in his early 30's starting really bad mouthing that customer and calling him names for not buying anything, which seemed strange to me.
Lord have mercy on my soul as I only bought 3 large and very old wrenches, and I bet when I was gone, he must have been saying not very nice things about me, but I digress. Long story short version, he knew enough about tools to make him dangerous, but still he had no idea how old the tools were and where they were made. Now comes the strange part, the (snap on) story, He was yelling if I sell anything marked snap-on you better believe that it's going to cost three arms and 6 legs and no one better open their mouth.
So old woody bought 3 very vintage old rusty filth covered wrenches for 8 dollars and he was snickering the whole time how he just got one over on an old dumb geezer that would pay those high prices for abused old junk. I heard him whisper it to his friend.
Turns out one snap-on, one Cornwell (from the 1930's) and one Williams, (bought out by wait for it snap-on). Glad old woody kept his mouth shut that day.
Lord have mercy on my soul as I only bought 3 large and very old wrenches, and I bet when I was gone, he must have been saying not very nice things about me, but I digress. Long story short version, he knew enough about tools to make him dangerous, but still he had no idea how old the tools were and where they were made. Now comes the strange part, the (snap on) story, He was yelling if I sell anything marked snap-on you better believe that it's going to cost three arms and 6 legs and no one better open their mouth.
So old woody bought 3 very vintage old rusty filth covered wrenches for 8 dollars and he was snickering the whole time how he just got one over on an old dumb geezer that would pay those high prices for abused old junk. I heard him whisper it to his friend.
Turns out one snap-on, one Cornwell (from the 1930's) and one Williams, (bought out by wait for it snap-on). Glad old woody kept his mouth shut that day.
CHI_Tool&Die
Well-known member
I had this conversation with my Matco guy (I’m trading a lot of Snappy stuff in for Matco stuff). Neither of us could understand how Snappy can put their name on anything and it just sells and sells for a high price to boot. Their tools are good stuff, but people treat it like gold and expect you to pay for it like gold on the used market.Fun story that happened to this past Saturday, I went to a meet, (snap-on) story, as I do not own any of their stock, anyhow one of the vendors was selling large tools that were very rusty and covered in years of rust, dirt, and abuse. Another older customer was eyeing everything, but he kept putting tools down and he left without buying anything. Dang when that customer was out of eyesight the vendor a much younger man in his early 30's starting really bad mouthing that customer and calling him names for not buying anything, which seemed strange to me.
Lord have mercy on my soul as I only bought 3 large and very old wrenches, and I bet when I was gone, he must have been saying not very nice things about me, but I digress. Long story short version, he knew enough about tools to make him dangerous, but still he had no idea how old the tools were and where they were made. Now comes the strange part, the (snap on) story, He was yelling if I sell anything marked snap-on you better believe that it's going to cost three arms and 6 legs and no one better open their mouth.
So old woody bought 3 very vintage old rusty filth covered wrenches for 8 dollars and he was snickering the whole time how he just got one over on an old dumb geezer that would pay those high prices for abused old junk. I heard him whisper it to his friend.
Turns out one snap-on, one Cornwell (from the 1930's) and one Williams, (bought out by wait for it snap-on). Glad old woody kept his mouth shut that day.
I also feel like we are reaching a point where stock values are literally going to be meaningless. Like it’s difficult to understand how companies can be valued in the trillions and trade at such high levels. I mean we’re talking about sums for companies that now dwarf the GDP of medium-sized nations.
NORTON'S SHOP
Well-known member
Back to the Snap-On stock. Can a piece of paper be polished?
rust in the eye
Well-known member
Wow, so much resentment (sour grapes) for Mr. Smidt. He's answering a demand WE(collectively) have made, no different than the Waltons have.
Maybe he's an azzhole, I don't know but have no reason to knock him simply for being wealthy.
If revered Snap-On were privately owned I wonder if the same resentment would apply.
Maybe he's an azzhole, I don't know but have no reason to knock him simply for being wealthy.
If revered Snap-On were privately owned I wonder if the same resentment would apply.