NTB, the mining part of the business is small. They don't even break it out in the reports.
We got the bad news Friday and the price dropped to $19.43 and bounced back and closed at $20.71.
Then today, Monday we get two downgrades but what do they have to go by? Taylor said: "I have been telling you for months that there is no shortage of tires." That's interesting because I listen to the CC's and I have never heard him say that. NO SHORTAGE OF TIRES BUT HE JUST HIRED 300 WORKERS !
Taylor said they will be lowering prices because the cost of materials is going down. He will have to lower annual guidance but he doesn't know how much yet. He called this a bump in the road and will affect TWI for about 3 months.
I have been buying TWI shares this morning, but I will be trading it all the more after this..
TA ran from about $2.80 to $12.50 and is resting.
MEA?...the economy needs to improve a little.