Layoffs coming at Bourgault

[bigzee]

Bourgault Industries basically came out and said machinery cost are getting too high, so we need to lay off 50 employees. They also noted yields were down, and commodity prices are terrible.
They must have got the memo from the dealerships, we won’t be ordering and early Christmas gifts. Who will be next?

[jazz]

Bourgault Industries basically came out and said machinery cost are getting too high, so we need to lay off 50 employees. They also noted yields were down, and commodity prices are terrible.
They must have got the memo from the dealerships, we won’t be ordering and early Christmas gifts. Who will be next?

Where's that 120 ft drill I've been waiting for?

[bucket]

Who's next .....

1. Morris Industries although they got some provincial funding...
2. CleanSeed technologies but they have some time to burn government money yet...
3. Processors
4. Dealerships.... starting to see cracks ...
5. Farmers ..just lok at the catalog that will be coming....If you a recently graduated auctioneer , you chose a good 5 year career coming...

You cant consolidate agriculture and think building 84 foot drills every year is sustainable....or 120 foot for that matter...

[jazz]

Who's next .....

I bet AGT Foods....

basically built up infrastructure here and overseas to dominate the lentil/pulse trade, now its stalled. They are trying to get movement in other commodities but nobody I know is selling to them. They have sent some desperate texts out in the past few weeks.

[bucket]

I bet AGT Foods....

basically built up infrastructure here and overseas to dominate the lentil/pulse trade, now its stalled. They are trying to get movement in other commodities but nobody I know is selling to them. They have sent some desperate texts out in the past few weeks.

You know they just pocketed 100 plus million from the federal government by inflating the costs of repairs to the rail line they just bought...

New guidance coming from them on November 12....they will be fine with more guys getting into provincial politics to cover up and re-finance them....

[iceman]

I bet AGT Foods....

basically built up infrastructure here and overseas to dominate the lentil/pulse trade, now its stalled. They are trying to get movement in other commodities but nobody I know is selling to them. They have sent some desperate texts out in the past few weeks.

They built it up by issuing more shares to the market. Not once was it their money.

[bucket]

They built it up by issuing more shares to the market. Not once was it their money.

Don't forget they want to go private now....extract some government money...I can connect the dots to the GTH scam on this deal....

[jazz]

They built it up by issuing more shares to the market. Not once was it their money.

The last financial report on these guys stated they had like a 600M in assets (a year ago) and 500 million in debt. Bet those two numbers are a lot closer by now.
https://www.producer.com/2018/06/agt-rebuffs-bankruptcy-rumours/
AGT rebuffs bankruptcy rumours

Maybe they can get that pasta plant built soon.

[jazz]

Local agt lentil plant run by a moron so no one hauls there !

Sounds just like their main terminal here in regina. Only place I ever found competent in the lentil trade is Simpson Seeds.

[ajl]

Parked 120' foot drills are good for livestock fencing. Hello 1985.

[bucket]

Parked 120' foot drills are good for livestock fencing. Hello 1985.

But but but....fields and farms are bigger ....it only makes sense to have 120 foot drills.....

[Partners]

Prices to high?
Maybe if there wasn't a 100% market up of costs they would sell more..
Air tanks showed up at dealer 6 months early so that was a indication..
It is time others shared our shitty prices..

[fjlip]

Give them something to do, send anything over 50' back to rebuild DOWN to 50' WAY simpler, more efficient, don't need $100,000 sectional complication. Oh and 500 bu carts are LOTS, bigger is better insanity will grind to a halt or they will all go broke.

[jazz]

I have always said that any manufacture who would replicate the old versatile model would dominate this industry. Just simple, straight up, low maint, no frills equip that does its job and lasts.

Its the same reason why pickup trucks are $75k. Too much extra junk going in. Always thinking of bells and whistles to stick in.

[bucket]

Right but half tons are discounted 25 percent to move them...A new bourgault would have to be priced below used lot prices.....they are overpriced and thats the problem....

Basically what bourgault has said is they were extracting as much as possible given the price for grain....

Thats almost the same as what Weston did with bread prices...actually it is the same...