Can always rely on you libs only telling half the story. Hutchinson is a company in deep trouble and just happens to have a plant in Wisconsin. Let's look at the rest of the story below:
The cuts announced this week will leave about 600 Hutchinson jobs in Eau Claire, said Mike Schatz, the city's economic development administrator. He said it's been known for some time that Hutchinson would move assembly work from Eau Claire to Thailand, and that the jobs in the city lasted longer than expected.
Eau Claire expects to regain about 100 manufacturing jobs, meanwhile, when Riverside Machine & Engineering completes a planned purchase of part of the Hutchinson complex and locates operations there, Schatz said.
Hutchinson has lost tens of millions of dollars annually for six years running. The losses range from $35 million last year to $168 million in 2009
How about the 100 new manufacturing jobs.
Tomorrow is Saturday. Investors have the whole week end to think about this. Shorts love to #$%$ people out of these high fliers. At some point there will be a short squeeze and we will get our revenge.
Making deals to sell healthy food is also a plus. Not just a pot company. Edible gardens can add a lot to this company and they are also pushing that part of the business.
I would think hand over fist today. You cannot let these events spoke you. In the big picture 3 - 5 years, this is merely noise. I spent to much time analyzing and then determining which Biotechs I wanted to own to be spooked out.
The real question is why the heck did they ever buy this turkey to begin with? Wait Irani was involved. Explains everything.
Phillips 66: Strengthening Its Midstream Segment - see this article on Seeking Alpha. Summarizes what PSX said at the Refining Conference about their Midstream operations. They are using refining cash flow to build internal midstream operation. DCP and CPChem have cash flow to fund their operations and need no money from the partners.
Good summary of the business - 34 minutes including Q&A.
You libs love to run your mouths. If you are at least get the story straight. The cuts are coming form the federal government controlled by liberal Dem's and the town that would be affected by a cut in shi building has only 11,000 residents in total. furthermore this is only a proposal and may never come to pass. If you are going to post at least tell the truth. Why not discuss something positive about WEC because there is a lot of good stuff going on.
Canadian National didn't invest in all the new ore cars just to see them sit and rust. Forget current price. It is what it will be going that is important. It is the optimism in US and Europe that will drive worldwide steel demand.
In spite of the fact that the Brent / WTI gap is closing, PSX continues to move higher. Barrons trashed the refiners as a group last week-end. Are investors realizing that this is not a garden variety refiner or are other drivers afoot. It is very difficult to determine the Bakken spread because there are various ways to ship oil from ND and there really is no futures market. Sometimes it trades at huge discounts to WTI. I am in this security for the long pull and just curios as to the reason for price movement.
Pamela Swanson, who has successfully led the North Central region’s growth as President since 2009, has been named President of the redefined North Central region, which will cover northern Wisconsin, the Upper Peninsula of Michigan, Minnesota, Iowa, North Dakota, South Dakota, and Nebraska. Under Swanson’s leadership, the legacy North Central region has consistently earned recognition as one of Airgas’ strongest performing distribution regions.
Rick Keefer, who has served as President – The Encompass Gas Group since its acquisition by Airgas in November 2013, has been named President – Midwest Region. Since being acquired by Airgas, Encompass has largely operated as a standalone distribution business. During his 30 years with Encompass, Keefer served in numerous roles of increasing responsibility in both sales and operations before ultimately joining Encompass' executive management team. He spent the last five years as Encompass' Executive Vice President with responsibility for all aspects of the business, including its 11 locations and more than 130 associates. The Midwest region will cover northwestern Indiana, northern Illinois, and southern Wisconsin, including the Madison and Milwaukee metropolitan areas.
Formation of two separate regions enhances Company's competitive position in key industrial gas markets
RADNOR, Pa.--(BUSINESS WIRE)--
Airgas, Inc. (ARG), one of the nation’s leading suppliers of industrial, medical, and specialty gases, and related products, today announced the reorganization of its North Central distribution region, effective immediately, into two separate regions within the Company’s North Division – a redefined North Central region, headquartered in Appleton, WI, and a new Midwest region, headquartered in the Chicagoland area.
“We are optimistic about the long-term prospects for the U.S. manufacturing industry, as structural drivers like the abundant supply of low-cost energy and higher shipping costs from overseas should favor the U.S. for years to come. U.S. manufacturing should also benefit from future growth in the non-residential construction and energy industries,” said Michael L. Molinini, Airgas President and Chief Executive Officer. “We’re positioning our resources in this area of the country to enhance our competitive position and assure that we fully capitalize on these long-term growth prospects in what is already one of the largest industrial gas markets in the U.S.”
“Through both solid organic growth and acquisitions, particularly the recent acquisition of The Encompass Gas Group, the North Central region’s annual revenues have nearly quadrupled over the past ten years, making it one of Airgas’ largest regions by revenue,” said Shaun Powers, President of Airgas’ North Division. “Covering eight states and roughly 352,000 square miles, it is also one of our most geographically expansive regions. This reorganization reinforces Airgas’ commitment to an operating model where decisions are made as close to our customers as possible.”
CAT is a good company but too similar to CMI. Instead I own BA, EMR and MMM in the industrial sector. Cat needs mining operators to start purchasing equipment.
OPEC and Russia. There are some that think that O'bama administration is protecting those groups. By putting in that pipeline it puts downward pressure on Brent.
I own stock in waste management. 85% of their vehicles are in areas where they can install equipment because they have used that number for where they are headed. The CNG trucks are slow fueled at night using a slow refueling process. Each truck is hooked up at the same time. The slow process allows for more fuel to be put in the tank.
As far as LNG, the first move has been out west. There are many truck centers that are providing facilities. Cummins is starting to see truckers start to buy nat gas trucks to test. before anyone goes all in they are going to trial the technology. The real big engines have also only become recently available.
back 15 or so years ago Union pacific looked at the technology; however the newer diesel engines at the time cut exhaust to a minimum for contaminants and it was deemed to difficult to implement. It would take time to cutover and because locomotives are long lived you would have to do a whole division. The those engines could not be used elsewhere. Railroads are looking at natural gas again because they are getting killed by diesel prices. Having two engines share a LNG tender, they do not have to refuel very often. The savings would be tremendous. I think they have been using an 85% LNG 15% diesel mix. The locomotive carries the diesel and the tender the natural gas.
This was a no brainer. I owned SE (the other half of DCM) and CVX (the other half of CPChem) so I know what assets they were getting besides refining. i do not think investors seriously consider listening to all the conference calls where the management comes right out and tells you what they are going to do. They are also investing in the lubricants and specialty business. In many of the split up companies some part is vastly undervalued. In this case it was the PSX part.
A further reason is that the stock dropped into the $65 range and the CEO on the conference call talked about adding some capacity (CAPEX spending). He was also more up beat on Europe which holds the key to third world growth. The European market for goods is huge and positive GNP has wide ranging worldwide effects.
Bottom line is I have been tinkering around the edges of our portfolio and added some shares to existing holdings.