How cheap will pumps go for?
woodbridge 01-20-2009
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I am thirty-five, and have been watching the market for about thirteen years. It’s almost hard to believe the prices have dropped where they are now. I often wonder how much cheaper they can go. I remember in two thousand four I bought a thirty eight-meter Putz (1989) for one hundred and fifteen thousand dollars. I thought I got a great deal! The bank lent me money with zero down. Now in thousand nine that same pump is worth what, forty thousand?

 

This economy is getting to me, but how far would you predict pump prices will drop?

 


Bob 01-20-2009
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Man, If anyone had the answer to that question they could sell the information for a fleet of chrome plated 101 meters.

All anyone has is a guess. My guess is that things have just started to get bad. Jan 21 2010 would be a guess as to when you could buy a cheaper pump. I would love to be very wrong.


Many 01-21-2009
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That's the $64 dollar question.

If I was a betting person I would say prices will stay close to what they are,well sorta anyway.With all the repo's out there now and companies downsizing we will see more demand for used equipment which should start raising prices.

The down side to this,it will take some of the manufacturers a long time to rebound.Going way out on a limb,we may see another influx of creative/flexable financing of some sort.

I know all eyes and ears are on what's to come with the infastructure spending.Speculative spending will be by the wayside for several years,which hurts everyone.

Just a thought


Bob 01-21-2009
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My problem is the lag time between securing financing to actually building something. Unless something is done to shorten the time difference it will be a big problem

Bob 01-21-2009
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The whole 'recovery deal will be a joke if there aren't any owner operator, small or medium sized companies left.

ShortStik 01-21-2009
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dont like this negative bob, but that is exactly what happens with a weak goverment.  By no means am i bashing the US.  The Canadian goverment didnt mind leaving its citizens high and dry in the mid/late 80s.  Alot of small/medium size busnisses dissapeared over night,  with a few hits to the big boys (at the time) in my neck of the woods.

If there's a sure busniss right now, its Sign Removal and the Repo Man.


Many 01-22-2009
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Lets just say the great depression was much different than todays problems.This has hit the entire world,it has everyone scrambling.Say a pump manufacturer had a slow area it could change it's focus area.Construction cancellation/delays are happening all over the world.Micosoft announced a new construction freeze till 2013 and big budget cuts,also not renewing some leases on buildings.

The infastructure work will surely help everyone in some way.Maybe now we will get the roads/bridges we needed 20 years ago.With all the different money around it will be hard to track even with an official score keeper.I know my work is off at least 40%,I have even changed the type work I do just keeping the wolves from the door.


TooTall 01-22-2009
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Many, I've had to do the same. I got 8 orders for cord wood last week! At $200 per, it was a great week! At least I fit right in as a logger? HA,Ha,ha! 


Many 01-22-2009
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Hi TT

Yes we may joke about it,but a stark reality.Perhaps we are blessed,can't help but think about the operators out there that don't have the ways and means for that second income.

I hope you get that 10 cord order for next week.