Moro Corporation (MRCR)

[ghmm]

http://finance.yahoo.com/news/Ahead-of-the-BellHVAC-may-apf-14101254.html/print
Ahead of the Bell:HVAC may benefit from Obama plan
US stimulus plan could benefit heating, ventilating, air conditioning manufacturers: analyst
I must admit to being very surprised to see this but pleasently so. A major segment of our business is HVAC think we do more smaller ones but we get one or two it could really help us. The other segment (rebar) should benefit for sure especially in PA/NJ/NY where there are a lot of bridges in need of repair. Saw a story on PA as ranked with one of the worst bridges in the country.


* Tuesday January 20, 2009, 8:43 am EST

HARTFORD, Conn. (AP) -- Legislation in Congress intended to increase public works spending could aid manufacturers of heating, ventilating and air conditioning systems, an analyst said Tuesday.

However, Analyst Jeffrey D. Hammond of KeyBanc Capital Markets said in a note to investors that he is "somewhat guarded" about the impact of the plan.

Spending sought by incoming President Barack Obama as an economic stimulus includes $40 billion that may have "positive implications" for the heating, ventilating and air conditioning industry, he said. A focus of the legislation is to renovate government buildings to improve energy efficiency, he said.

Companies that could benefit are Ingersoll Rand Co. through its Trane subsidiary, Lennox International Inc. and Regal Beloit Corp., Hammond said.

The legislation presents a "solid outline of actions, which has a positive read through for HVAC equipment and service providers, likely beginning in 2010," he said.

"That said, given the numerous steps in vetting and appropriating government stimulus, we are somewhat guarded with respect to the magnitude of any impact," Hammond said.