Age yourself with a store

eddie kerr

Well-known member
Jan 16, 2004
1,856
1,209
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Clairtone Electronics was founded by Peter Munk. He had his share (or maybe more than his share ) of hits and misses.
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What so many people don't know about Peter Munk. He was a brilliant idea man and a smoothe talker. He wanted to manufacture colour TVs and convinced the premier of Nova Scotia that if they built a plant there he would hire local people to work there in Stellerton Nova Scotia. Problem was fishermen weren't adept at electronics and the quality of the TVs were terrible. At the same time a partner from clairtone in the USA got huge contracts to sell to many of the largest retailers there, and at the same time Clairtone went public and shares opened at $2.00 per share. In 6 months they sold thousands of TVs to these stores. Shares went up to $15. as annual reports showed big profits. However, although sales were shown as final, they were in fact sold on consignment and because of the poor quality many were returned for credit. Company ended up going bankrupt but prior to that Munk and his Treasurer sold their shares. Munk made 8 million. The Ont. Security Commission charged him with insider trading but later dropped all charges. Bottom line Peter Munk was a crook. I know because at that time I was the Assistant Credit Manager. Sorry for the long rant.
 

Knuckle Ball

Well-known member
Oct 15, 2017
7,528
3,741
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What so many people don't know about Peter Munk. He was a brilliant idea man and a smoothe talker. He wanted to manufacture colour TVs and convinced the premier of Nova Scotia that if they built a plant there he would hire local people to work there in Stellerton Nova Scotia. Problem was fishermen weren't adept at electronics and the quality of the TVs were terrible. At the same time a partner from clairtone in the USA got huge contracts to sell to many of the largest retailers there, and at the same time Clairtone went public and shares opened at $2.00 per share. In 6 months they sold thousands of TVs to these stores. Shares went up to $15. as annual reports showed big profits. However, although sales were shown as final, they were in fact sold on consignment and because of the poor quality many were returned for credit. Company ended up going bankrupt but prior to that Munk and his Treasurer sold their shares. Munk made 8 million. The Ont. Security Commission charged him with insider trading but later dropped all charges. Bottom line Peter Munk was a crook. I know because at that time I was the Assistant Credit Manager. Sorry for the long rant.
Wow! That’s an interesting story.

Thanks
 

james t kirk

Well-known member
Aug 17, 2001
24,063
3,956
113


Speaking of grit....I truly miss this place.

If I'd been working a super long day, I'd often drop by at 1 in the morning for a slice. The trick was to watch what they were hauling out of the oven and time it just right so you could get a hot one. (Cause once it cooled off, it wasn't so great.)
 

james t kirk

Well-known member
Aug 17, 2001
24,063
3,956
113
Did you ever try to contact her on Facebook?
Never mind facebook, I have her email.

It's a long story, sad story, but some things just aren't possible. I want what I had when I was in my 20's and that's not how life works. (Is there anything more pathetic than a 20 year old boy hopelessly in love? I would have died for her ).

I saw her from time to time over the years. But she could never find contentment in her life. Not personally, not career wise, not family wise. She moved all over the USA and eventually back to Canada (west coast)). Always searching for something but never finding it. Last time I saw her was 2012 and let's just say that mental illness had taken a toll on her. We kept in touch by email but eventually that ended about 5 or 6 years ago. Full stop. It's truly better left that way. I still think about her, a lot in fact, but it's always that yearning for what I had at that age and never really based on the reality of the here and now.
 
A

Akila Besos

Hershey Canada - HERSHEY'S | Smiths falls, Canada, Ottawa valley Former Hershey plant in Smiths Falls full again, expansion in the works

I remember as a kid going to the hersey factor in smithfalls and honestly it was the best thing ever

Seeing how chocolate was made and sampling the sweets...now that location is weed growing facility but damn do i miss the memories I made at that place
 
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superstar_88

The Chiseler
Jan 4, 2008
5,654
1,220
113
Are the street "knife sharpening" guys still around?
Guy would cart around his portable sharpening station ringing a bell. Complete with pedal power. All mechanical. Don't know why this wouldn't still be a valued service.
 

billie69

Well-known member
Feb 19, 2013
1,975
957
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I can remember when bank books were updated by handwriting. The teller went to a desk and found the card for your account and copied the numbers in your bank book.
They just stopped using bank books in the last year. Now they just mail you a statement.
 

superstar_88

The Chiseler
Jan 4, 2008
5,654
1,220
113
why are you still getting paper statements? Go paperless. We're in the year 2020.
 
Ashley Madison
Toronto Escorts