TSX:LSG.DB - Post by User
Comment by
dutchmann64on Mar 24, 2014 3:45pm
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Post# 22360834
RE:RE:Why the 35% drop
RE:RE:Why the 35% drop
The US economy is still in the tank;......they are cooking the books. Ask any major supplier to the sector and they will confirm Companies like METSO, FLSMIDTH, CATAPILLER do not see any major capex type work untill late 2014 or early 2015.( Maybe ) To confirm what I am saying ;....if you have access or contacts to the vendors that supply these companies or steel supply houses such as MARMON KEYSTONE or EARL M JORGENSEN just ask their on the road sales reps what they are seeing. They have their fingers on the pulse of the economy where wealth paying jobs are concerned. Not much action currently in play. We are in a strange time and history will paint this decade as lost.