While I wasn’t exactly sure what to write about in today’s blog (I had a few ideas circling around), that certainly changed this morning with a big news story and a few important tidbits here and there.

1. First, check out the news that Onex Corp. is upping its investment in Jeld-Wen. In May the company announced it would make a $675 million investment, but now that has been upped to $864 million. When the initial investment was first announced it had people buzzing so I’m sure that is even more the case now.

2. Consumers Digest Best Buys. Check out our story on Consumer Digest’s Best Buy selections for doors. However, what really drew my interest was this statement from the article’s introduction: “But if energy efficiency is your main goal don’t be swayed by the fact that more manufacturers offer triple-pane glass as an option on entry doors that have windows. In most cases, upgrading to the more expensive glass won’t deliver any significant benefits.” Would love to hear from some door manufacturers to see if they agree with that statement.

3. How are Manufacturers Faring? For years now, the consensus from the industry was that 2012 was the big turnaround year. Yes, in the beginning of 2010 people were saying to stick it out until 2012. I hate to say it, but I think some are moving that back to 2013. Yikes. What are you hearing? If you are a manufacturer that is doing well and meeting sales goals at this point in the year I would love to hear from you.

I hate to leave you on that negative note. But as I often hear it seems that there are companies who are holding their own and those still struggling. But go back to my number-one item above. If Onex is willing to invest that much in Jeld-Wen there has to be promise and a hope that the market will eventually rebound. I just hate to say the words though: “Here’s to 2013?” I hope a rebound comes sooner. What are your thoughts?

1 Comment

  1. There are two issues for a return to a healthy market, whether in 2012, 2013 or not at all.

    The first is that government must stop scaring people away from spending money and investing in their homes. People need to have confidence that they can predict their financial future in order to make decisions to do anything other than circle their financial wagons and put their money under their collective mattresses. Neither the Congress nor the President is able to independently generate confidence and together they are even worse! (I don’t blame those in government for being there. They were elected by the American people. Look in the mirror and blame oneself!) Extreme positions and agendas are clashing in Washington and no one, trying to keep one’s head above water, can predict from day to day how it will effect their individual financial status. The truth is, and I say this as someone who is basically a socialist, the US government can not afford to maintain its present entitled commitments without change. It requires changes such as rolling in over time delays to qualifying for social security etc and a means test for receiving it. it requires the end of financial subsidies to corporations, (even if this includes the end of financial programs for new windows!) it requires the closing of tax loopholes and generation of taxers from those who actually have the bulk of the money. Interestingly, European companies do not pay their top executives the same exorbitant packages as do American companies. The claim that they are required to attract talent is simply crap.

    The second problem is real jobs. (Happily, our industry is at the heart of actually providing real employment!) It goes back to Henry Ford, who knew that his employees had to be able to afford to buy the cars he made. Americans have been fed a big lie that they are smarter than the rest of the world. “Let China have all the low-end factory jobs and Americans, due to their superior brains, will sell the Chinese higher end services and products.” Right…. we see how well that worked out. If the government wants to really do anything productive, it will press private industry to bring back some sock factories etc. and put people to work making things we really need. (Warren Buffet has always understood the value of a good shoe factory.) What ever happened to Norma Rae? Yes, I’m sure this is somewhat socialistic but the truth is that overall the corporate world serves the interests of corporations, not the interests of the American people. What’s good for General Bullmoose is not good for the USA.

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