"Ignoramus26134" wrote in message
...
On 2009-12-05, Wes wrote:
Ignoramus26134 wrote:

Emerson products usually are not immediately visible to a buyer of any
product. I would not expect anyone to stop buying goods with Emerson
products just because its CEO threw a hissy fit at some conference.

IIRC, Emerson made the Rigid brand of power tools for Homedespot and
other box stores.
They also make a lot of motors.

I believe that Ridgid is Ridge tool in Pennsylvania.

Ridge Tool is owned by Emerson.

Emerson is widely diversified in industrial, home, medical, and other
industries, and they're always looking for growth.

What's going on here is that they're planning to move to high-growth parts
of the world and their CEO is trying to make them look like heroes for doing
so, rather than like the heels they'll be seen as, as they close their US
plants.

Among the many ironies is that Dave Farr is bitching about the US embarking
on a universal health care system, while he's planning to move a lot of
plant to China, where they embarked on an even more extreme nationalization
of health care in January of this year. The rest of his complaint is of
similar substance and character.

China and India will have growth rates that the West is not likely to see
again. My impression of Emerson has always been that they talk a good line
about long-term growth, while they make tactical moves to enhance short-term
profit. They seem to have their eyes on nothing so much as the value of
their stock, quarter-to-quarter. They are loyal to nothing and to nobody.

So, Farr is following the money, heading for parts of the world that are
digging out of the middle ages and growing at twice the West's growth rate.
Expect some surprise plant closings and trucks moving in and out in the
middle of the night.

--
Ed Huntress