Author Topic: Black Diamond Went Public  (Read 1896 times)

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Offline Kuntor

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Black Diamond Went Public
« on: May 11, 2010, 12:19:56 pm »
http://www.rockclimbing.com/News/Press_Releases/Black_Diamond_Merger_1108.html

I sincerely hope the quality doesn't suffer from the unrealistic growth models Wall Street seems to expect...

miwuksurfer

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Re: Black Diamond Went Public
« Reply #1 on: May 12, 2010, 10:16:51 am »
We vote for companies with our wallet.  BD definitely lost my vote.  Too many companies making alternatives to still support these shenanigans.  It is no longer about the climbers but the bottom line. 

Offline JC5123

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Re: Black Diamond Went Public
« Reply #2 on: May 13, 2010, 08:41:42 am »
While I would have liked to see BD stay a private company, I think that this is a sound business move on their part. I spent a few hours last night researching this Clarus Corp. I was convinced enough in them to invest. (make some climbing money, off the climbing money that I spend) Have a little faith miwuksurfer, just because a company is publicly traded, doesn't mean they have sold their soul. Just look at Boston Beer Company. (Sam Adams)

Beside, Black Diamond has far too good of a reputation, and history to do anything to tarnish it.
I don't think it's gonna hold....BUT WE'RE GONNA USE IT ANYWAY!

miwuksurfer

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Re: Black Diamond Went Public
« Reply #3 on: May 13, 2010, 10:28:15 am »
Man, I think this isn't going to end well.  Have you done any searching on who Warren Kanders is?  Not a good history and definitely not someone I would ever buy climbing equipment from.  Its sad that BDs name is now going to be linked to his. 

Lots of hoopla going on on supertopo and all the other climbing forums. 

Offline JC5123

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Re: Black Diamond Went Public
« Reply #4 on: April 13, 2012, 03:09:01 pm »
I was in SLC ice climbing in Feb, and ran into one of the BD design managers. I asked him about the merger.

The response I got was very interesting. The original owners of BD were all getting older and wanted to cash out. BD didn't have enough cash on hand to do this. So they sold the company CHEAP to Clarus in order to raise just enough to pay out the retirees. They then immediately rearranged their finances and bought the company back. So BD is back to being privately owned, and back to doing what they do best.
I don't think it's gonna hold....BUT WE'RE GONNA USE IT ANYWAY!