Go to Jeff Salisbury LWGate Home Page.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). << - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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