ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

SearChart · 19 February 2013, 02:46 AM

Could Rolex go bankrupt?

This is of course a very unlikely scenario, but would it be possible to happen? or is Rolex somehow protected from bankruptcy.

Just wondering

padi56 · 19 February 2013, 02:54 AM

Short answer no

Vincent65 · 19 February 2013, 03:08 AM

Seems about as likely as an announcement from them that they are going to have a price-drop.

scarab007 · 19 February 2013, 03:22 AM

Not likely. Nice Avatar you have for a Rolex site. That's like a friend of mine on Linkedin who works with me but has a picture of himself in front of another company.

HL65 · 19 February 2013, 03:26 AM

Really?

SearChart · 19 February 2013, 03:28 AM

Quote:

Originally Posted by scarab007

Not likely. Nice Avatar you have for a Rolex site. That's like a friend of mine on Linkedin who works with me but has a picture of himself in front of another company.

I like more than just one watch company, and having a rolex crown as an avatar here is as mainstream as driving a volkswagen in Germany

@Topic, so apart from it being very unlikely(we all know it's unlikely to happen), it's just not possible?

joe100 · 19 February 2013, 03:29 AM

Rumor has it they'd invested with Madoff and they seemed to have weathered that well. I'm sure they're fine.

Probably a lot of cash reserves as well as their gold holdings. It probably costs around $900 to make a Submariner or any other sport watch so combine their holdings with their, in some cases, 500% profit...I'd say we have Rolex to look forward to for many decades to come.

SearChart · 19 February 2013, 04:05 AM

Quote:

Originally Posted by SteelerFan65

Really?

I'm sure I'm not the only one who has thought about this.

scarab007 · 19 February 2013, 04:09 AM

Anything is possible...highly unlikely.

Yanks213x · 19 February 2013, 04:12 AM

I mean if they are entering an Asian market that is ready to buy, I think they are doing alright.

LA_LEC · 19 February 2013, 04:17 AM

No

mbuckley · 19 February 2013, 04:19 AM

What are the reasons that you might think this to be a possibility.

There is a possibility that martians will land in New York as well---just not a high probability.

SearChart · 19 February 2013, 04:22 AM

Quote:

Originally Posted by mbuckley

What are the reasons that you might think this to be a possibility.

Well I didn't know, that's why I made this topic.

Joey_V · 19 February 2013, 04:27 AM

Anything is possible.

Welshwatchman · 19 February 2013, 04:28 AM

It's possible.

I'd rate it a 0.005% chance that they would and 99.995% that they wouldn't.

There's no debt in the company and a submariner costs less than £375 to manufacture.

HRV · 19 February 2013, 04:30 AM

Mmmmm .....nope

Thatguy · 19 February 2013, 04:31 AM

Why would they be protected?

Jonnybhoy · 19 February 2013, 04:34 AM

It is a fair question but seems unlikely. Look at some of the huge companies to have folded recently - HMV, Woolworths, Virgin mega stores to name a few. Rolex in'r run like these companies though so don't see it happening. They don't have shareholders to please so the chances of bad investments that could fold them or moneymen forcing them to reducecosts and cut quality seem more unlikely.

thomaspp · 19 February 2013, 04:50 AM

Of course it's possible. Any company could potentially go bankrupt. However rolex's revenue, brand recognition, estimated sales etc are pretty solid. Hard to think of more than four or five other consumer goods companies in the world on similar footing.

HL65 · 19 February 2013, 04:58 AM

Quote:

Originally Posted by SearChart

I'm sure I'm not the only one who has thought about this.

OK--fair enough.. Just not sure why you would even think this. But--to each his own! Cheers,

But I will say after years on forums this is certainly the first time I have ever heard anyone even mention or bring up...

kilyung · 19 February 2013, 04:58 AM

I'm as likely to win the lottery.

SearChart · 19 February 2013, 05:18 AM

Quote:

Originally Posted by SteelerFan65

OK--fair enough.. Just not sure why you would even think this. But--to each his own! Cheers,

But I will say after years on forums this is certainly the first time I have ever heard anyone even mention or bring up...

I know it's a horrible thing to think of, I hope it won't keep me awake for too long

Someone has to be the first

HL65 · 19 February 2013, 05:20 AM

Quote:

Originally Posted by SearChart

I know it's a horriblie thing to think of, I hope it won't keep me awake for too long

Someone has to be the first

bayerische · 19 February 2013, 05:21 AM

Yes, of course they could go bankrupt. Highly unlikely though.

mjclark32 · 19 February 2013, 05:37 AM

I guess it's possible, but I wouldn't bet on it

subtona · 19 February 2013, 05:53 AM

Other than to say yes its possible, where else can we go with this thread....
Anything is possible.

I heard they were considering cutting production to 50,000 watches per year.

porschejeff · 19 February 2013, 05:58 AM

Too much time already spent on this topic, on to the next!

Perpetual Spirit · 19 February 2013, 06:16 AM

No way, no how. I'm no insider in Vegas but I'd say the odds are about as likely as me getting hit with lightning.

Stuxnet · 19 February 2013, 08:31 AM

Too big to fail.

nauticajoe · 19 February 2013, 08:33 AM

Not if we're around.

19 February 2013, 02:54 AM	#2
padi56 "TRF" Life Patron Join Date: Jun 2005 Real Name: Peter Location: Llanfairpwllgwyng Watch: ing you. Posts: 53,062	Short answer no __________________ ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder

19 February 2013, 03:26 AM	#5
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,006	Really? __________________ *SPEM SUCCESSUS ALIT*

19 February 2013, 03:29 AM	#7
joe100 2024 SubLV41 Pledge Member Join Date: Nov 2007 Real Name: Joe Location: New Mexico Watch: Explorer Posts: 12,840	Rumor has it they'd invested with Madoff and they seemed to have weathered that well. I'm sure they're fine. Probably a lot of cash reserves as well as their gold holdings. It probably costs around $900 to make a Submariner or any other sport watch so combine their holdings with their, in some cases, 500% profit...I'd say we have Rolex to look forward to for many decades to come. __________________ It's Espresso, not Expresso. Coffee is not a train in Italy. -TRF Member 6982-

19 February 2013, 04:17 AM	#11
LA_LEC "TRF" Member Join Date: Dec 2012 Location: Los Angeles Watch: Explorer Posts: 1,793	No __________________ 16610 ♛ 16610LV ♛ 214270 MK2 "Life is far too short not to wear a Rolex!"

19 February 2013, 04:27 AM	#14
Joey_V "TRF" Member Join Date: Jan 2008 Real Name: Joey Location: Dallas, TX Watch: SS Sub 16610 M Posts: 3,824	Anything is possible. __________________ Current Rotation: Rolex Submariner Date (M) - 1/08, Rolex Milgauss GV (V) - 2/10, Rolex SS Black Daytona (V) - 6/10, Rolex GMTIIC (G) - 5/11, TAG Heuer Silverstone (286/1860) - 1/2015 Former-watches: Omega PO/2535.80/2254, TAG Carrera/F1x2/Monaco, Panerai 312K/292L Wish List: Panerai 270/505, Rolex SMURF, Rolex RG Daytona, Rolex DSSD

19 February 2013, 03:08 AM	#3
Vincent65 "TRF" Member Join Date: Aug 2012 Location: Switzerland Posts: 14,298	Seems about as likely as an announcement from them that they are going to have a price-drop.

19 February 2013, 03:22 AM	#4
scarab007 "TRF" Member Join Date: Apr 2011 Location: San Fran Watch: SS Daytona Posts: 385	Not likely. Nice Avatar you have for a Rolex site. That's like a friend of mine on Linkedin who works with me but has a picture of himself in front of another company.

19 February 2013, 04:09 AM	#9
scarab007 "TRF" Member Join Date: Apr 2011 Location: San Fran Watch: SS Daytona Posts: 385	Anything is possible...highly unlikely.

19 February 2013, 04:12 AM	#10
Yanks213x "TRF" Member Join Date: Jan 2013 Real Name: Mike Location: Long Island Watch: 14060m Posts: 342	I mean if they are entering an Asian market that is ready to buy, I think they are doing alright.

19 February 2013, 04:19 AM	#12
mbuckley "TRF" Member Join Date: Feb 2012 Real Name: Michael Location: Norman, Oklahoma Watch: Exp II Posts: 616	What are the reasons that you might think this to be a possibility. There is a possibility that martians will land in New York as well---just not a high probability.

19 February 2013, 04:28 AM	#15
Welshwatchman "TRF" Member Join Date: Apr 2006 Real Name: Paul Location: Wales, UK Posts: 14,578	It's possible. I'd rate it a 0.005% chance that they would and 99.995% that they wouldn't. There's no debt in the company and a submariner costs less than £375 to manufacture.

19 February 2013, 04:30 AM	#16
HRV "TRF" Member Join Date: Apr 2012 Real Name: Andrew Location: johannesburg Watch: ROLEX Posts: 4,407	Mmmmm .....nope

19 February 2013, 04:31 AM	#17
Thatguy "TRF" Member Join Date: Oct 2012 Real Name: Wayne Location: California Watch: Rolex, PAM Posts: 3,302	Why would they be protected?

19 February 2013, 04:34 AM	#18
Jonnybhoy "TRF" Member Join Date: Mar 2012 Location: UK Posts: 91	It is a fair question but seems unlikely. Look at some of the huge companies to have folded recently - HMV, Woolworths, Virgin mega stores to name a few. Rolex in'r run like these companies though so don't see it happening. They don't have shareholders to please so the chances of bad investments that could fold them or moneymen forcing them to reducecosts and cut quality seem more unlikely.

19 February 2013, 04:50 AM	#19
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,137	Of course it's possible. Any company could potentially go bankrupt. However rolex's revenue, brand recognition, estimated sales etc are pretty solid. Hard to think of more than four or five other consumer goods companies in the world on similar footing. __________________ Instagram: @watches_anonymous

19 February 2013, 04:58 AM	#21
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	I'm as likely to win the lottery.

19 February 2013, 05:21 AM	#24
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	Yes, of course they could go bankrupt. Highly unlikely though. __________________ Yeah, well, you know, that's just, like, your opinion, man.

19 February 2013, 05:37 AM	#25
mjclark32 "TRF" Member Join Date: Mar 2010 Real Name: MJC Location: PHL USA Watch: IWC, Rolex, AP Posts: 29,232	I guess it's possible, but I wouldn't bet on it __________________

19 February 2013, 05:53 AM	#26
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 26,599	Other than to say yes its possible, where else can we go with this thread.... Anything is possible. I heard they were considering cutting production to 50,000 watches per year. __________________

19 February 2013, 05:58 AM	#27
porschejeff "TRF" Member Join Date: Oct 2012 Real Name: Jeff Location: Michigan Watch: DD 228238 Posts: 2,460	Too much time already spent on this topic, on to the next!

19 February 2013, 06:16 AM	#28
Perpetual Spirit "TRF" Member Join Date: Feb 2013 Real Name: Jason Location: United States Watch: Vintage Rolex 1501 Posts: 93	No way, no how. I'm no insider in Vegas but I'd say the odds are about as likely as me getting hit with lightning.

19 February 2013, 08:31 AM	#29
Stuxnet Banned Join Date: Sep 2012 Location: NYC Posts: 570	Too big to fail.

19 February 2013, 08:33 AM	#30
nauticajoe "TRF" Member Join Date: Feb 2010 Real Name: Joe Location: PA Posts: 14,774	Not if we're around.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)