Rounding Third Won't Be EasyBy Garry Bartecki
Article Date: 08-01-2012
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Plenty of obstacles on the field, plus perhaps another 18 months before real recovery
We are rounding third for 2012, but the question is, are we rounding third on this extensive negative business cycle? As far as I can tell nobody has a clue. Even Eli Lustgarten has to admit it has been a tough call. At the last CFO Conference in May of this year he had to admit this is the third meeting where he projected construction recovery in the next 18-24 months. Heck, that pushes it out to potentially the spring of 2014! Even the dealers in the energy belt, who are all doing well, are feeling the negative impact of this depression because manufacturers are reducing production or holding back on production, thus producing long lead times for both equipment and parts.
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