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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (30081)	2/17/2008 12:46:57 PM
From: richardred	Respond to of 78750

Jurgis. SHLM and POL have cut down US plant exposure. POL has focused on China and overseas acquisitions. POL has a much improved balance sheet. Just from my memory SHLM has a big portion of it's sales (European exposure)overseas (dollar weakness advantage). This is why I believe SEH has suffered more in the economic downturn. US plant exposure. This is where IMO in the past they have eaten SHLM's lunch. You can due more from web sight exposure for specifics. SHLM has stuck to where its profit margin is strong and why I believe it cut down its US exposure. ICOC has been strong overseas. Although smaller than the competition I mention. They had a better longer termer focus (Overseas exposure)(higher profit margins) and took advantage early on globalization in markets they serve. GFF has Brazilian operations for part of its plastic operations. A loss for the quarter (housing exposure) is for the recent weakness IMO. P&G is a big GFF customer (plastics for diapers). Once owned a AMEX stock called Blessings that was (big in diapers). GFF exposure to new home construction has been devastating for their housing exposure. They have scaled back on overcapacity by plant consolidation. Still might be more write offs coming (not finished). All I can say their housing exposure is a core business . I believe their a leader in garage doors and will wait for a recovery. The Telephonics division is their gem (although flat for now). I still believe they might sell the Telephonics division if they get a great offer. IMO- Any part of the company can easily operate as a stand alone company if broken up. IMO-Most of the companies I mentioned have speculative appeal due to global industry consolidation of competitors and past activist shareholders due to weak stock performance. My caveats apply to what I say.