E-One makes some layoffs

[LeadOff]

[QUOTE=firepiper1;1193103]But keep in mind that dealerships are independent owners/operators and it takes a lot of cash to start one from scratch. Good luck finding investors who want to sink money into an industry that is suffering from the tightening (or strangling) of municipal budgets that MAY start to recover in another couple of years. /QUOTE]

Exactly. With this in mind, I wouldn't doubt that Oshkosh may have difficulty in finding a buyer for their Pierce dealership in MD/VA/DE (used to be Singer Assoc.) that they took over, especially if they want to keep it as a single dealership and not have to split it up for the three states. Many feel that it will more likely we sold to more than one buyer and split in some form or fashion.

[sven73]

From what I understand they have a specific amount of time to find a new buyer for the dealership, I believe it is a year. I don't know what happens after that but was told that was Md. law.

[LeadOff]

From what I understand they have a specific amount of time to find a new buyer for the dealership, I believe it is a year. I don't know what happens after that but was told that was Md. law.

I know that Pierce would LIKE to keep the current dealership in one piece with all of the five service facilities operating as they now do. However, it they can't find a buyer to take it all, Oshkosh may have to split up the dealership over the three states which could mean that the new buyers may want to use their own existing service facilities (if they already have them) rather than buy the facilities that were formerly owned by Singer and now by Oshkosh. It may get a little messy if this happens. One thing for sure, Oshkosh will not let the Pierce dealership in the MD/VA/DE area just go away like what did happen with the E-One dealership. Pierce sells too well in this area and has a lot of strong customers to let this happen.

[donethat]

Pierce Results

Oshkosh Quarter Results: Excerpts from results:

Defense and Access made sales and profit improvements,

Fire & emergency segment sales for the third quarter of fiscal 2010 decreased 15.6 percent compared with the prior year quarter. The decrease in sales reflected lower shipments due to softer demand attributed to declining municipal budgets in the U.S. and overall economic weakness.

Operating income decreased 46.6 percent in the third quarter of fiscal 2010 compared with the prior year quarter operating income.

Again, sounds like a market wide trend.

[Rescue101]

Oshkosh Quarter Results: Excerpts from results:

Defense and Access made sales and profit improvements,

Fire & emergency segment sales for the third quarter of fiscal 2010 decreased 15.6 percent compared with the prior year quarter. The decrease in sales reflected lower shipments due to softer demand attributed to declining municipal budgets in the U.S. and overall economic weakness.

Operating income decreased 46.6 percent in the third quarter of fiscal 2010 compared with the prior year quarter operating income.

Again, sounds like a market wide trend.

Agreed. But the Nitwits in Washington(DC)still think EVERYTHING is Rosy. Somebody better wake up SOON. T.C.

[sven73]

Ah, stop worrying. They have drained the swamp! All is good! We know what we are doing! Trust us! No really, trust us! We are from the government and we are here to help. (sigh)

[totheroof]

Agreed. But the Nitwits in Washington(DC)still think EVERYTHING is Rosy. Somebody better wake up SOON. T.C.

The nitwits in Washington (mostly lawyers) are clueless what the real world is like. Most of the money they make is paid by the over taxed private citizens and the private business sector which they know nothing about. Business is always booming in DC.