Aug 26 2010

Productivity/Expensive Job Losses

Read ‘Productivity/Expensive Job Losses’ e-mailed August 23 to the over 10,000 opt-in (for e-mail) Subscribers to StockResearchPortal.com, a Resource Stock Research website.  In part, the e-mail reads:

“A Wall Street Journal article Saturday titled ‘Secondary Sources: Bankruptcies, Education, Death of Manufacturing‘ discusses one person’s view with respect to ‘What’s Next for (U.S.) Manufacturing’.  Coincidentally, last Friday I had a discussion with the President of a small firm in Toronto that supplies very high-end packaging equipment to ‘Fortune 500′ chemical and food manufacturers.  Most of his customers are in the U.S.  His potential order intake continues to be quite good, and he expects to close a goodly number of orders over the next three months.  He has, of late, noticed delays in some U.S. projects, but has found those projects are not being either dropped or canceled, but rather are being postponed ‘until next year’.  He attributes such postponements to companies (or individual processing plants) having exhausted their capital fund budgets for this fiscal year, but currently expects the projects his company has been working on to be ‘top of the list’ in the 2011 capital budgets of those companies now postponing orders – time will of course tell whether those order ultimately do get booked.

So why is this small company having the current success it has, particularly in the face of a comparatively strong Canadian $?  The answer is …….” continue reading

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