Apparent closing of Pat Goff's in El Paso raises questions

Full story: El Paso Times

Pat Goff's Appliance & TV Warehouse in Central El Paso appears to have closed -- less than a year after a North Carolina man bought the more than 50-year-old El Paso business.
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Pat Goff Junk

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#1
Jun 27, 2009
 
IMO,Pat Goff was an absolute ripoff! They sold junk appliances and had crappy customer service. The sales staff were all sleazy and grimy "Slob Slovinskis". They do belong in a car dealership hocking cars. As for me, good riddance and I wish that Pat Goff and his wife burn in h.e.l.l. Oh yeah, they already are. They live in Phoenix.
TYPICAL

AOL

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#2
Jun 27, 2009
 
Pat "Downtown Plan" Goff was a total fraud. He wanted an arena built downtown in the taxpayer dime..remember that? Mr. El Paso himself without taxpayer support moves out of the city pronto and leaves a bunch of jilted customers holding a worthless guarantee certificate. Classy!

The thing El Paso needs to understand is that when a leading citizen is coming to the taxpayer for some project you know their business is failing. Pat Goff is one example. Look at Paul Foster as another.
George

El Paso, TX

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#3
Jun 27, 2009
 
Thank you for all of this "change", Mr. Obama!
Bobby

El Paso, TX

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#4
Jun 27, 2009
 
Is Foster failing? That's some hot news you idiot. He has done alot more for El Paso than most - especially you! I think you are the true fraud.

'Western Refining CEO Paul Foster and two other executives this month bought $2.5 million in company stock and $2.5 million worth of convertible notes as part of the El Paso company's public stock offering and issuance of notes.

Foster bought 166,667 shares of stock at $9 a share for $1.5 million, according to a document filed with the U.S. Securities and Exchange Commission. He also bought $1.5 million worth of convertible notes, which may later convert to 138,795 shares of stock.'
WNR

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#5
Jun 27, 2009
 
Is a 7 dollar stock right now...down down down it goes. Was downgraded by many analysts back in April.
Scott

Irving, TX

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#6
Jun 27, 2009
 
Bobby wrote:
Is Foster failing? That's some hot news you idiot. He has done alot more for El Paso than most - especially you! I think you are the true fraud.
'Western Refining CEO Paul Foster and two other executives this month bought $2.5 million in company stock and $2.5 million worth of convertible notes as part of the El Paso company's public stock offering and issuance of notes.
Foster bought 166,667 shares of stock at $9 a share for $1.5 million, according to a document filed with the U.S. Securities and Exchange Commission. He also bought $1.5 million worth of convertible notes, which may later convert to 138,795 shares of stock.'
What you posted does not seem to support your argument.

Your blurb says that Mr. Foster bought a sizeable chunk of his own company's stock offerings. And from the looks of things, he may have bought this stock at a significant premium.

It could be that he saw a chance to acquire stock for long term investment at a lower price. Conversely it could be a way to prop up the stock price using market leveraging / dollar cost averaging theories. If true the second theory points to a firm in trouble.
arismcgraw

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#7
Jun 27, 2009
 
I agree, Pat Goff was a ripoff. All his appliances were pieces of crap and everything was so expensive!! You can easily go to Best Buy, Sam's or all these other legitimate stores and buy a better quality appliance NEW in the box with a valid warranty for much much less. about time they went out of "business"
someone

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#8
Jun 27, 2009
 
After reading some of these comments I'm glad I never bought anything from Pat Goff's. I called them up a few years ago to ask when they were going to get a web site for online comparison shopping and they acted like they'd never heard of the internet. They never did join the 21st century. Plus they seldom put out a print ad so I'm not surprised to see that business model fail.

I've usually bought from Sears with good results. Yes, we had to have the ice maker in the Kenmore side by side replaced but ice makers always fail here even if you use a filter cuz the water is hard.
12345QUALIFY

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#9
Jun 27, 2009
 
i have read most of these comments and i am shocked. first of all, Pat & Nancy Goff are smart business people. i worked for them & the tv & appliances they would purchase to sell to the public were new. they did sell a lot of open box items because their service center was inside the store. this gave the less fotunate an opportunity to at least purchase that washer or dryer. i guess it didn't help either that every superbowl 20 or more desperate fans would purchase a big screen for the big game & then return them the very next day. i am certain that they are happy not to have to put up with all this crap anymrore. GO CELTICS-2010 NBA CHAMPS!!!!!
Anthony Cobos

Mexico, Mexico

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#10
Jun 27, 2009
 
I personally tried to buy stuff there and the sales people were not knowlegeble or helpful. I always found better deals at Costco or Sam's. Too bad because they were local people but it was not quality work.
Common Sense

El Paso, TX

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#11
Jun 27, 2009
 
The only thing I ever bought from them was a big screen TV. No problems, and they got my business because they were the only ones that would give me same day delivery. That was in the 90's.
really

El Paso, TX

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#13
Jun 27, 2009
 
In today's business market, privately owned business is tough. Best Buy, Sears, Walmart, etc are always going to get products at lower prices and sell and cheaper prices. Back in the 80', a local business could compete. I remember as the 80's progressed, as I had my own business, people would tell me how they could not sell software to compete. Then TV's, washers became cheaper at the "big chain stores". Walmart can make deals for products that only come through their stores. They don't even have to pay for them until they are bought. Suppliers just want space in their stores. Same with pharmacy products. How is the local to compete unless you are Walgreens. With tech products the small guy is out. I know, I was there, and I always made a profit but could not in today's market model.
really

El Paso, TX

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#14
Jun 27, 2009
 
George wrote:
Thank you for all of this "change", Mr. Obama!
I don't think Obama had anything to do with Pat Goff closing. He wasn't even in office August 2008...lol or even voted in.
Citizen of the Past

College Station, TX

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#15
Jun 27, 2009
 
I recall many years ago (like in the 50s) that Goff advertised that as a promotion they were going to toss $10 bills from the roof of their store. In fact they did....sorta. They threw ten one dollar bills.
Ese

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#16
Jun 27, 2009
 
12345QUALIFY wrote:
i have read most of these comments and i am shocked. first of all, Pat & Nancy Goff are smart business people. i worked for them & the tv & appliances they would purchase to sell to the public were new. they did sell a lot of open box items because their service center was inside the store. this gave the less fotunate an opportunity to at least purchase that washer or dryer. i guess it didn't help either that every superbowl 20 or more desperate fans would purchase a big screen for the big game & then return them the very next day. i am certain that they are happy not to have to put up with all this crap anymrore. GO CELTICS-2010 NBA CHAMPS!!!!!
I went once tobuy a diswasher there and it was defective the day it was delivered. We wanted it replaced and all they had was a cheaper model but they would not give us our money back. Fu.. them. Personally, I'm glad these sleaze bags are out of business. Pat Goff and his wife were thieves that ripped of the community. By the way, the mexican drug cartels are also smart businessmen. So what are the Goffs planning now? A new car dealership? They would fit right in like "Pat Goff Junk" mentioned.
thetruthaboutyou

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#17
Jun 27, 2009
 
goff knew what was up when he sold it to these people, they aren't to blame for goff's lack of courage to tell his employees and customers that he wanted to retire, instead he hawked off the merchandise and let his bussiness die, the only problem is pulling the carpet out of employess benefits and customer warranties.
Happy Days

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#18
Jun 27, 2009
 
Pat Goff Junk wrote:
IMO,Pat Goff was an absolute ripoff! They sold junk appliances and had crappy customer service. The sales staff were all sleazy and grimy "Slob Slovinskis". They do belong in a car dealership hocking cars. As for me, good riddance and I wish that Pat Goff and his wife burn in h.e.l.l. Oh yeah, they already are. They live in Phoenix.
True story. A couple of years ago we went to Pat Goffs to shop for a TV. The sales guy has gerasy slicked-back hair, spoke with a fast east accent, wore a balck t-shirt and, swear to God, had a pack of cigarettes rolled up in his sleeve. If that wasn't a dead giveaway at the type of operation they had going there, I don't know what was. It was hilarious. Needless to say, we walked out. I agree, these sales guys do belong selling cars.
thetruthaboutyou

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#19
Jun 27, 2009
 

Judged:

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George wrote:
Thank you for all of this "change", Mr. Obama!
yeah since Bush was such a great leader that took the country into better times. don't be blinded by your racism
Shady SalesGuy

El Paso, TX

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#20
Jun 27, 2009
 
Happy Days wrote:
<quoted text>
True story. A couple of years ago we went to Pat Goffs to shop for a TV. The sales guy has gerasy slicked-back hair, spoke with a fast east accent, wore a balck t-shirt and, swear to God, had a pack of cigarettes rolled up in his sleeve. If that wasn't a dead giveaway at the type of operation they had going there, I don't know what was. It was hilarious. Needless to say, we walked out. I agree, these sales guys do belong selling cars.
As a sales professional, I am personally offended by this comment. Would anyone like to buy my mother?$10.
ljg

El Paso, TX

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#22
Jun 27, 2009
 
It sounds like a lot of sour grapes here! I have purchased ALL my appliances at Pat Goffs and have had nothing but quality products. On the rare occassion that I needed service, their repair persons were on time and efficient.

My Mother purchased a refirigerator from Pat Goffs a couple years ago. The delivery men chipped an gouged her door-frames while delivering. Pat Goffs had her doors repaired and also replaced the refrigerator in case it was damaged.

Nothing but good things to say about Pat Goffs!!!!!

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