Owning a piece of the pie....electrical parts pie that is..

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Mule

Mule

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Oklahoma
Do any of you own any stock, or have a vested interest in any electrical supply companies or organizations?
 
Mule said:
Do any of you own any stock, or have a vested interest in any electrical supply companies or organizations?
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Having briefly worked on the supply end and seeing how they run, I would never invest in a supply company. It's a hyper competitive, cut throat market and sales are dependent on economic conditions with very little flexibility to adapt other than lowering prices and cutting back on service.
 
peter d said:
Having briefly worked on the supply end and seeing how they run, I would never invest in a supply company. It's a hyper competitive, cut throat market and sales are dependent on economic conditions with very little flexibility to adapt other than lowering prices and cutting back on service.
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This sounds a lot like electrical contracting.

Having briefly worked on the electrical contracting end and seeing how they run, I would never invest in an electrical contracting company. It's a hyper competitive, cut throat market and sales are dependent on economic conditions with very little flexibility to adapt other than lowering prices and cutting back on service. :)
 
Being an electrical contractor for 25 years automatically has you owning a supply house-how do you get rid of this "STUFF"?
 
I worked a few place were the stock is booming. You feel like MacGyver trying to get things done. how could this stock go up? How are they even operating?

It's the bottom line. If a company could get their stock to go up .25% just by not doing business they will do it.
 
Let me help you out -

ABB went from $30+ in June to $10.42 minutes ago...

CBE (Cooper) went from $45+ in September to $26.07 minutes ago...

GE went from $35+ in April to $16.42 minutes ago...

TNB went from $45+ in September to $20.22 minutes ago...

That is quick peak at the market graphs over at Yahoo. Sector looks pounded to me. Course that is hind sight being 20/20. These maybe bottom of the barrel prices,and not going any lower. They could be this decade high till 2010, and heading further south.

Right now the banks still haven't put out the money they are sitting on. Least that is what the market talking heads are all saying. Seems like the basket funds that are out there shorting the market are the only ones in the black. You're braver than me if you are shopping at this time! Going to be bench warmer till the water is more inviting.

This is free viewing...
 
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Got advice from an old-timer I used to work with about investing and after working for a few companies that went bankrupt it made perfect sense and still does. Never buy stock in the company that you work for or the industry that you work in, because if the company you work for of the industry your in takes a dive then you take a dive twice. Once when you get laid off and the second time when your 401k or stock tied to that industry or company takes a dive as well.
As and example I worked for Adelphia communcations and they gave a good discount on thier stock if you purchased it through them well now they went bankrupt I lost my job and my stock is now worthless.....

Food for thought that is if your hungry.
 
Market Munched it for 411 points today so here's the loss report -

ABB -$ 1.13 (9.90%)

CBE -$ 1.67 (6.13%)

GE -$ 1.52 (8.53%)

TNB -$ 2.33 (10.36%)

Get back to me next week, and these stocks will be paying us to take their stocks. They are all listed as being in the Downgraded listing on the analyst opinion board too.
 
I remember years way back, 1000ft spools of romex for something like $88, and I drove the nearest Orange store which was 50 miles away and loaded my trailer down for me, and two other EC friends. If a guy could have done that on a big scale before copper sky-rocketed he would have been rolling in it..:D Copper might get alot lower and one might be smart to stock pile if it get low low....
 
aline said:
This sounds a lot like electrical contracting.

Having briefly worked on the electrical contracting end and seeing how they run, I would never invest in an electrical contracting company. It's a hyper competitive, cut throat market and sales are dependent on economic conditions with very little flexibility to adapt other than lowering prices and cutting back on service. :)
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Funny how that works out. ;)
 
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