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Eastern Company EML

The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America.


NDAQ:EML - Post by User

Post by JohnS212on Aug 06, 2008 11:04am
465 Views
Post# 15361627

Aurelian has become almost comical

Aurelian has become almost comicalRecent events regarding Kinross/Aurelian- from shareholder outrage over a "low ball" bid, accusations of Board of Directors incompetence, and a still sinking share price only serve to highlight the mess that Ecuador has made of its reputation as a safe haven for investment capital. Face it, if Aurelian was in Mexico, Alaska- wherever- this would be a dramatically different situation given the scale of Fruta del Norte. And while I do believe that the Correa administration will, ultimately, insure a reasonable mining policy in Ecuador, the damage has been done. No different than what Mongolia achieved in destroying it's reputation (look at what Ivanhoe has gone thrugh these past 4 years), it will take much time for this to heal. What I am comforted by , however, is the Brazil Iron Ore and Manganese holdings of Ecometals. This is where worth certainly lies since uncovering any value in Ecuador will be made difficult by a still unfolding political situation that can only be characterized as absurd. Until Ecuador emerges as a stable destination for capital, we must look elsewhere. I for one am quite comfortable with Brazil
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