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Raven Industries Inc. Message Board

  • steve_382 steve_382 Oct 31, 2012 8:41 AM Flag

    Storm damage from Sandy - Film sales?

    Not sure there was that much roof damage this time to get a short term pop in film sales. Lots of water damage, but perhaps the winds weren't strong enough to actually rip the roofs off.

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    • Past history has shown a strong correlation with disaster relief film sales and hurricaine disasters. Though winds were not "overly strong" with this storm, there will surely be a need to cover broken windows and holes in roofs from falling trees. Given the sheer size of the storm, I would expect at least a modest bump in sales, simply based on the vast areas receiving damage.

    • Say, I had not thought of the disaster film business which was so valuable a few years ago. That was FEMA wasn't it? Plus a lot for Haiti as I recall. Might be a pretty good business again with our excess capacity. Oil drilling is decreasing in North Dakota though it is picking up a bit in Montana so there might be some decrease in those oil field sales. The price surely did take a nice drop and I have purchased at 3 points starting just over $30 and the last was at $27.04. The price is nicely below my 500 day moving average which I try not to exceed.

 
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