RIP Starrett?

[kaiser715]

shocking STARRETT PRECISION TOOLS DIED TODAY short #50 tubalcain

This is a sad day for AMERICA.STARRETT TOOL COMPANY IS DEAD!ATHOL, MA, March 11, 2024 – The L.S. Starrett Company (“Starrett” or the “Company”) (NYSE: SCX) t...

www.youtube.com

 

[jeepinmatt]

Yeah, it's a shame, but it happened a couple decades ago.

I hope this is not the start of the downfall of quality tools.

The L.S. Starrett Company Enters Into a Merger Agreement With MiddleGround Capital to Become Private Company

The L.S. Starrett Company (“Starrett” or the “Company”) (NYSE: SCX) today announced that it has entered into a definitive merger agreement in a go-private tr...

www.businesswire.com

Starrett quality dropped a decade or two ago and is just riding a name anyway. I think way more than half their stuff is already made in China. These days the only quality options are old stuff, Japanese stuff, or German stuff.

 

[rabb11d]

Maybe all my Starrett stuff in the basement will be worth more now?
Prob not..

 

[jeepinmatt]

Maybe all my Starrett stuff in the basement will be worth more now?
Prob not..

Not at first, because all the dudes who just realize Starrett is China tools are gonna flood the market with their stuff.

 

[rabb11d]

Not at first, because all the dudes who just realize Starrett is China tools are gonna flood the market with their stuff.

I don't use any of it anymore but hard to sell tools. Kinda like selling guns. Don't feel right.

 

[jeepinmatt]

I don't use any of it anymore but hard to sell tools. Kinda like selling guns. Don't feel right.

Chinese SKS's bro