Mohacsy's Safe Portfolio Member Forum

[n4807g]

GM to close their assembly plants for 9 weeks. This after adjusting for lower sales over the last year. Yes I'm pessimistic. Talking with wholesale distribution companies in all areas of the country come up with the same answer; business is slow and not improving. If industrial output or construction related areas pick up I see it fairly quickly. My customers are ordering only what they need to fill orders they have in house.

This week a forms printing company in this town announced they were closing the plant in June. They "downsized" from around 100 employees to 50 over the last year. They said the forms business is essentially dead. That's 100 jobs lost. Just one small example of what's happening everywhere.

I'll be optimistic when customers tell me they're optimistic.