RE:RE:RE:RE: the rise in the can dollarcuriousbuild wrote: There is no point of focusing on forex as nobody knows where it will go, especially daily rate changes.. plus, forex rates may remain same for years to come, let alone quarter or two..
Company's execution is more important than forex to me..
CB
Cb ! Why bother asking a question , you seem to answer your own question
fx is as important as maintaining a certain margin percentage
let me put it in simple terms so that you understand
if the can dollar dollar falls Ten percent vs the euro based on ten million in sales
Msl would add one million to its quarters bottom line
if the can dollar rose ten percent against the euro the cost against earnings would be a million against the bottom line
execution , is a matter of having your exposure in balance to costs controllable and non controllable
Msl is trying to switch suppliers to get away from this exposure, but in the mean time it is a major headwind
as long as the euro stays above 1.08 we should be ok