Re: [CANSLIM] Worley's Weekend Weeview

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 5 Jan 2002 10:05:24 -0800

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Tom,

As always thanks for the Weeview!

I might add as a personal manufacturing note that I'm an NC Programmer
(write code for metal cutting machines)  for a mid-sized aerospace machine
shop. We have Boeing (sic), BAE, Lockheed, etc... as customers.

Since 9/11 (and well before that) Boeing commercial shrank most of it's
orders forcing a layoff of 10% of the workforce (now 40 people). We were 50%
in their commercial work. What we're experiencing now is 65-70 hrs weeks on
smaller orders but with compressed (killer!) delivery dates. In other words;
more orders of smaller quantities. We may even bring back a couple guys this
month. This I'm told, is the latest way to avoid large inventories by our
customers. It is also a more expensive way to manufacture so we'll see how
long the bean counters in Seattle keep this up.

Amazingly, the F22 project is finally breaking loose a bit (years later...).
The Joint Strike Fighter, will take some time to get going but hopefully it
will continue the funding it needs. Till then, I see lots of smaller orders
as opposed to large ones. It of course makes for a scheduling nightmare for
us little guys. (g)

- -Bill Triffet


- ----- Original Message -----
From: "Tom Worley" <stkguru@netside.net>
To: <canslim@lists.xmission.com>
Sent: Saturday, January 05, 2002 6:02 AM
Subject: [CANSLIM] Worley's Weekend Weeview

>>THINGS I DIDN'T KNOW ABOUT!!
The NAPM (Nat'l Assn of Purchasing Managers) is now ISM (Institute of Supply
Management). Almost overlooked a powerful report because I didn't know the
new acronym. Reported on Wednesday that its index for December jumped to
48.2 from 44.5 (expected was 45.8). Anything over 50 indicates expansion in
this most important index of major manufacturing activity (and that leads
eventually to renewed employment, which used to warn of inflation and now
signals consumer spending). This index has been below 50 for 17 straight
months (indicating contraction), and hit a ten year low in October. One
month doesn't make a trend, but does bring us close to a shift from slowing
contraction, to gaining expansion. Manufacturing has suffered the greatest
damage from the economic slowdown, as well as losing the largest number of
jobs. Within the overall index, the New Orders portion rose from 48.8 to
54.9, highest in 19 months. Inventories also continued to shrink from 37.9
to 37.7 (gotta shrink before manufacturers start increasing production, so
these two pieces of the overall picture are both moving in the right
direction). <<





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