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Old 10-14-2007, 01:14 AM   #1 (permalink)
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why cockers so cheap?

like the title says, why are autocockers going so cheap now days. Are they closing or what? I just bought my first cocker a month ago. its a black tac trilogy and I LOVE it. I liked it so much I bought another one and converted it into a sniper with PMP inc. kit. And I'm getting ready to order few more. I just wish I would have gotting into autocockers sooner. I've hade snipers but never a cocker before. I'd hate to see them close their doors.
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Old 10-14-2007, 01:18 AM   #2 (permalink)
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Market is flooded in my opinion. Resale value plummets due to that. I don't see WGP/K2 closing soon. But someday they will in the upcoming years due to lack of sales, and get bought up by some other large company.
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Old 10-14-2007, 01:19 AM   #3 (permalink)
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K2 was bought out they are emptying their warehouses before the new company takes over, the traditional style Autocockers as we know is finish, the WGP is too valuable a brand name to them to close down, so they will have some else to replace it in the near future.
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Old 10-14-2007, 01:22 AM   #4 (permalink)
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K2 was bought out? By who, I didn't know that.
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Old 10-14-2007, 01:39 AM   #5 (permalink)
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Quote:
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K2 was bought out? By who, I didn't know that.
Jarden the parent company of Coleman and many other sports brands

Quote:
Originally Posted by JT Sports
Jarden Corporation Completes Acquisition of K2 Inc.
RYE, N.Y., Aug 09, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Jarden Corporation (NYSE: JAH) today announced that it has successfully completed its acquisition of K2 Inc. (NYSE: KTO). The transaction is valued at approximately $1.2 billion, including the assumption or repayment of indebtedness. Under the terms of the agreement, K2 shareholders received 0.1118 of a share of Jarden common stock plus $10.85 in cash, for each share of K2 common stock held at closing.

As previously announced on April 24, 2007, Jarden entered into a definitive agreement under which Jarden has now acquired all of the outstanding shares of K2 common stock. The transaction was completed yesterday, following approval of the merger by K2 shareholders at a special meeting of shareholders. With the closing of the transaction, trading in K2 common stock was halted at the close of business yesterday.

In connection with the completion of the acquisition, K2 purchased, as part of its previously announced tender offer and consent solicitation, approximately $199 million, or approximately 99.5%, of the aggregate principal amount of its outstanding 7-3/8% Senior Notes due 2014 (the "Notes"). As a result of the purchase, the amendments to the Indenture pursuant to which the Notes were issued, effected by the Eighth Supplemental Indenture, became operative.

The combination with K2 strengthens Jarden's Outdoor Solutions segment through the addition of brands such as K2(R), Marker(R), Marmot(R), Penn(R), Rawlings(R), Shakespeare(R), Volkl(R) and Worth(R).

Commenting on the transaction, Martin E. Franklin, Chairman and Chief Executive Officer of Jarden, said, "We are extremely pleased to announce the completion of our acquisition of K2. This accretive transaction represents the continuation of our strategy to create shareholder value by building our portfolio of diversified, market-leading, niche consumer product brands through acquisitions and organic growth. Adding K2's broad range of well- known brands to our already diverse portfolio creates cross-selling opportunities both domestically and internationally, expands our presence in specialty channels, and offers both future revenue and cost synergy opportunities. In addition, adding K2 has the effect of flattening Jarden's working capital cycle, as the first quarter has historically been Jarden's highest cash flow use quarter and K2's strongest cash flow quarter. Finally, I would like to welcome all of K2's employees to the Jarden family and look forward to working with them to maximize the opportunities this transaction will bring to Jarden."

Richard J. Heckmann, K2's Executive Chairman of the Board, said, "Through our merger with Jarden, we have delivered value to our shareholders, joined two companies with a shared culture of developing strong brands and highly valuing our employee base, and formed a strong platform from which to grow the businesses. We have worked closely with Jarden over the last several months to prepare for a smooth transition. Now that the merger has been completed, I look forward to joining Jarden's board of directors later this year and helping to guide the future success of the combined company."

This release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The offer to purchase the Notes is only being made pursuant to the tender offer and consent solicitation documents that K2 is distributing to holders of Notes, including the Offer to Purchase. The tender offer and consent solicitation are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the tender offer or consent solicitation are required to be made by a licensed broker or dealer, they shall be deemed to be made by Lehman Brothers Inc. on behalf of K2.

About Jarden Corporation:

Jarden Corporation is a leading provider of niche consumer products used in and around the home. Jarden operates in three primary business segments through a number of well recognized brands, including: Branded Consumables: Ball(R), Bee(R), Bicycle(R), Crawford(R), Diamond(R), Dicon(R), First Alert(R), Forster(R), Hoyle(R), Java Log(R), Kerr(R), Lehigh(R), Leslie- Locke(R), Loew-Cornell(R) and Pine Mountain(R); Consumer Solutions: Bionaire(R), Crock-Pot(R), FoodSaver(R), Harmony(R), Health o meter(R), Holmes(R), Mr. Coffee(R), Oster(R), Patton(R), Rival(R), Seal-a-Meal(R), Sunbeam(R), VillaWare(R) and White Mountain(TM); and Outdoor Solutions: Abu Garcia(R), Berkley(R), Campingaz(R), Coleman(R), Fenwick(R), Gulp(R), JT(R), K2(R), Marker(R), Marmot(R), Mitchell(R), Penn(R), Rawlings(R), Shakespeare(R), Sevylor(R), Stearns(R), Stren(R), Trilene(R) and Volkl(R). Headquartered in Rye, N.Y., Jarden has over 25,000 employees worldwide. For more information, please visit Jarden Corporation.

Note: This news release contains "forward-looking statements" within the meaning of the federal securities laws and is intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding the outlook for Jarden's markets and the demand for its products, estimated sales, segment earnings, earnings per share, future cash flows from operations, future revenues and margin requirement and expansion, the success of new product introductions, growth in costs and expenses and the impact of acquisitions, divestitures, restructuring and other unusual items, including Jarden's ability to integrate and obtain the anticipated results and synergies from its acquisitions. These projections and statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those projected as a result of certain factors. A discussion of factors that could cause results to vary is included in the Company's periodic and other reports filed with the Securities and Exchange Commission.
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Old 10-14-2007, 03:48 AM   #6 (permalink)
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Poor 'cocker guys... By making crappy cockers so cheap, K2 is effectively driving down the cost of nice non-custom cockers.

The only upside? $75 cockers with no eye holes!
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Old 10-14-2007, 09:01 AM   #7 (permalink)
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Cockers also fell out of favor with the tournament crowd for some reason.
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Old 10-14-2007, 09:04 AM   #8 (permalink)
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Cockers also fell out of favor with the tournament crowd for some reason.
That happened a while ago, didn't it? I don't really keep up with the Agg croud, but 'Cocker's probably have to much kick and weigh too much for their puny little hands.
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Old 10-14-2007, 11:33 AM   #9 (permalink)
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wgps going away from making what we think of autocockers and going more towards the ego and excaliber styles as well as trilogies for the low end. they are blowing out the warehouse on the previous models. as far as what the pbn kiddies think, anything that isn't "new" and "redesigned" each year is obsolete and useless. no pro teams use them so they have to suck. and of course they think a few ounces is a lot.
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Old 10-14-2007, 02:35 PM   #10 (permalink)
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One other big issue, is despite what people say it is very hard to break an autococker. And Since they were at one point by far the most common paintball marker on the tournament scene (just go watch the 2000 or 2001 world cup, even though Angels where the big name guns for every Angel you see, you can see 3 cockers).

This means that effectively there has been a massive cumulative effect of oversupply of the market. Unlike the cockers early rival the Automag*, the cocker from about 98 on never really had an upgrade (aside from electronics) that became so 'must have' that it really changed the buying publics perception of performance.

See, planned obsolescence is required for the current market. Egos, Shockers, and Matrixes all have to change style every year so that in two or three years time something is "out of style" and needs to be replaced. On the cheaper end of things, markers either have to break or get them to buy an upgraded model to get more money. there are a few exceptions of course, Tippmann makes a good reliable entry level marker that players spend money on customizing, and that keeps a fair amount of cash flowing even if the person doesn't buy another M98 or upgrade to an X-7 or A-5..

Airgun Designs is the perfect example. Their markers are durable, and very easy to maintain, and an Automag from 1991 performs much the same as a 2007 Automag classic. So many have been produced and are still out there that classic mags have very little value. This is one of the reasons why AGD isn't so financially sound as loyal customers are still satisfied from their 1996 purchase and have no need of a new automag. WGP was much the same way, but since they are not family owned anymore, I expect them to start building guns so as that they either break or go out of style.

*Would like to point out that AGD changed the publics perception of performance, with upgrades, so much so that some upgrades, such as an X-valve are frequently worth double an entire automag classic....
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