View Single Post
  #11  
Old 01-26-2011, 06:13 AM
Fluid Power's Avatar
Fluid Power Fluid Power is offline
Senior Member
 
Join Date: Dec 2004
Location: Columbus, Ohio
Posts: 1,029
Thanks: 8
Thanked 5 Times in 2 Posts
Default

I guess my outlook is different. I probably am ahead of the curve as I own an industrial distribution and engineering firm. I deal directly with manufacturers. We do nothing in Automotive (thankfully). The bottom fell out for us 3rd quarter of 2008, probably a little early than most recognized. 2009 was a disaster and 2010 saw a huge increase for us. We finished the year up about 21% over 2009 which brought us up a tick over 2008. We have been WOT since 3rd quarter 2010 and so far this month. We deal with Whirlpool, PPG, GE, Emerson, Coca Cola and other big companies. Coke is doing a $280 million plant expansion in our back yard. Whirlpool added shifts and re-opened 2 lines. I had a meeting with the Emerson people yesterday and they claim to be headed for the best year ever in 2011. Kenworth just announced that they are adding 85-90 people at a plant we work with. Steel prices and other metals are way up due to demand. I think we see the bottom first and the light at the end of the tunnel first. Hopefully, you guys see the turn around soon.

Darren