I love working for LECO...
I have made many
lifelong friends and am paid better than ever..
my bonus was huge last year....
could I work and make this kind of money...
is a great company with a vision...I love my
the rewards that come with making great money...
I agree to a certain extent with rcrocus... There
is a lot of labor unrest going on in the company. He
is accurate as to the old-fashioned methods which
the company uses.
However, I would attribute
the record profits to some severe cost cutting by
management. Look at sales growth over the past 4 quarters.
Then compare this to EPS growth. I think you will see
that the EPS is growing faster than sales. I also
think that a company cannot bank on cutting cost to
Rcrocus does highlight some facts
that are overlooked in earnings reports.
This is the first rea;ly negative thing I have
ever heard about the company. Would you care to
elaborate on the problems you feel the company is having?
Is there some way they might be verified through
specific parts of the financial reports, articles,
No offense, but there is no way of knowing if you
really work for the company (although I suspect you do;
this is not the kind of stock people try to
manipulate). There is also the possiblility that you are just
a disgruntled employee slinging mud (again, no
I too am an employee and am leary of the stock as
an investment. This company has considerable labor
trouble, in my opinion. Years ago, cooperation and TRUST
between labor and management was very good. It was a
close company from top to bottom. For those not
familiar with the management system of this company
"INCENTIVE MANAGMENT" by James Lincoln, read it. It is a
fantastic book. The new, outside, so called professional
managers now running this company focus solely on PE's,
book value, etc... meanwhile the infrastructure of the
company is crumbling. Capital equipment is outdated.
Plant layout is outdated. Flow manufacturing is
non-existant. Assembly lines are often down due to lack of
parts and supplies. Promotion from within (which the
company braggs about) does not exist unless you are a
Vice Presidents son. Middle management, front line
supervison, engineering, and production workers have no
confidence in management and feel they "Have been played for
a Sucker" a few times too often in recent years.
See what James Lincoln says the fate of a company
which relies on "Incentive Management" for
profitability will be when these things happen. Oh, by the way,
the stock is low because all the employees are
dumping it. Lincoln Electric has many internal problems
which the outside investor is not aware of. The string
of record quarters is simply due to the booming US
economy. With the fantastic labor force at Lincoln, Bozo
the Clown could manage the company and set records.
If the company ever promotes some good managers from
within who know how to utilize James Lincoln's program,
look-out, this would be a wonderful company to invest in
and to work for.
wonderful company, but for years run as a family
owned and managed by "extended family" (including
In the past 2-3 years have
brought in professional management while at the same time
retaining the best of the old Lincoln culture. The new
management all have stock options and other incentives to
make this company really perform in the long term, and
you can bet they're going to do it!
I doubt that it warrants such a dramatic decline
in the stock
Company is solid
and can weather any temp slowdown.
should use some of its cash to buy back stock or
a higher dividend.....