Friday, April 23, 2010

I have three words to say about this year’s On Demand show: Busy, Busy, Busy. We had more traffic at this show than any other in recent memory. While we had a few out of towners, most every attendee was from the east coast, northeast and mid Atlantic area. The buzz was about the new digital presses (as always) and, I am pleased to say, perfect binders.

Our company won the Best In Show award for our new Sterling Doublebinder, layflat perfect binder ( This machine binds books so strong that no attendee could pull the sheets out of the book—And each one tried! There was a vast array of perfect binders at the show from the usual suspects (save for Muller who didn’t exhibit), Horizon, Duplo, and Graphic Whizard.

I am pleased to say that none of the books made on the other machines matched the pull test strength of The Doublebinder, including the new Duplo PUR binder, that sells for about four times the price of The Doublebinder. Other highlights included new digital presses. Konica won a number of Best In Show awards for their new C8000 digital which seems to be giving Xerox a run for their money. MGI also demoed a new digital press that uses no fuser oil.

It seems that the prediction of the demise of the Print Industry has been greatly exaggerated.

Wednesday, April 7, 2010

A New Lease On Strife

I sold a used punching machine to a customer of mine, or did I? We agreed on a price of $45,000 for a used Lhermite EX-380 with a few dies, some modifications, and installation. My customer sent off his first and last payment to the leasing company. The leasing company sent me forms to fill out, which I dutifully did. I included a picture of the reconditioned machine which you see above you. My customer’s lease was turned down, not because he didn’t have the credit but because it was a used machine.

My customer told me that he could not get a lease on a used machine from any of the leasing companies he normally deals with. Does this make sense? This machine is worth $45,000. In a few years it will be worth somewhat less. My customer had asked me to quote him on a new punch with all the accessories and the price came out to be $65,000. Should he purchase a new machine, what will it be worth in a few years, $50,000, $45,000? The depreciation is much greater on new equipment.

So at a time when businesses are strapped and turning to more used equipment, the leasing companies are turning them down. Nice, huh? It seems that the leasing companies are even more cowardly than the banks—Not to mention foolish.

Are you having trouble getting a lease? Call me up. I’ll sell you the machine AND lease it to you.