What Happened to US Furniture Manufacturers?
May 15, 2012 - We recently conducted a bankruptcy auction for one of the last hardwood furniture manufacturing companies in the US. What follows is our assessment of what is happening in the hardwood furniture manufacturing industry.
Update on the Value of Plastics EquipmentMarch 22, 2012 - In the United States, the plastics industry is linked to the general health of the economy because plastic products are used widely in industry and as consumer products. Thus, plastics demand depends on the overall health of the economy [www.firstresearch.com]. Since the recession of 2008/2009 when manufacturing was at an all-time low, industry officials are optimistic that the Blow Molding Industry will continue to slowly recover.
OK, so just what is "Cold Heading" anyway?
January 14, 2012 - We conducted a very successful online auction of Qualtech Pins & Fasteners in Buffalo NY, a cold heading shop that specialized in manufacturing precision dowl pins. We thought we would take this opportunity to explain the pretty nifty ability cold heading equipment has to transform a simple wire into an intricately shaped part, such as a screw, bolt, nut, rivet, or specialized fastener. Although their function seems so basic, these small metal parts play a huge role in keeping some industries afloat, and few people know how they're made.
About Precast Concrete
October 24, 2011 - Last week we conducted an auction at a precast concrete forming facility in Troy, Missouri. The auction went really well with strong prices across all asset classes. We had great participation with over 100 registered on site and over 200 online. Combined, these bidders came from over 30 states and 7 countries internationally.
Why Auctioneer-Appraisers are Better Suited for Work in Todays World
September 13, 2011 - As I departed the 15 HR USPAP Class sponsored by AMEA in Milwaukee today it occurred to me that now more than ever, an appraiser needs to be out there in the market place every day. With the growth of internet based data, an appraiser MUST have the experience and confidence to filter through all the data that's out there that might be 'less than reliable.'
Workout Bank Dealflow to increase soon?
September 8, 2011 - There seems to be a trend developing with workout bankers to move their credits along a little faster than they had been in the recent past. According to panelists at the Northeast Regional TMA event in Saratoga Springs, NY on September 1, 2011, many workout bankers are compressing their timelines to resolve issues with difficult credits. This is very different from the early days of the recession and the post-Lehman days when workout officers were more inclined to 'amend and extend' or otherwise give their troubled borrowers lots of leeway if they were out of covenant.
NY Manufacturing Survey Shows Steep Drop
August 16, 2011 - The August Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to worsen. The general business conditions index fell four points to -7.7, its third consecutive negative reading. The new orders index also remained below zero, at -7.8, while the shipments index was positive at 3.0. The unfilled orders and inventories indexes dropped further into negative territory. Price indexes continued to retreat, with the prices paid index falling fifteen points to 28.3 and the prices received index falling three points to 2.2. The index for number of employees was slightly positive,
A Few Thoughts about Powder CoatingAugust 15, 2011- On Thursday, August 11, Blackbird Asset Services conducted an auction at a powder coat paint facility in Horseheads, New York.
Because we think that powder coating is pretty cool, we wanted to impart some of our knowledge about the process, so that you will think it's cool too.
Manufacturing technology consumption up 105.3% in 2011
(Year over Year through April, 2011)
***Below are excerpts from a press release that takes a micro look at the machine tool and metal fabrication space for new machine orders in the US. The statistics in the report compare year-over-year numbers through April, 2011. Comparing this information to the recent macro economic trends also outlined in our blog, we are very curious to see what USMTC reports later in the year for Q2 and Q3, 2011. WIll the micro trend follow the macro trend?***
The Roller Coaster Ride Continues for Machinery and Equipment Values
June 15, 2011 - In the last two and a half years, the market for surplus machinery and equipment has been challenging, to say the least. Industries that track with the overall health of the economy struggled early in the recession, enjoyed an upturn in the second half of 2010, and are now wondering what to expect next.