According to Abe, Zeke and Joe (aka "the Boyz"), MGM had a very good May and is "in the black" for the year. So all the national bad news about the building industry could, ironically, be good news for MGM. If the economy does spin in, MGM is very well positioned with its product offering. The real ace-in-the-hole is that the company is very strong financially. As the situation develops, it will be in a position to gain more market share.
Another opportunity is the painted
8017 Double Hung. Paul Gensler's customer:
Coastal Window and Doors is kicking butt against the clad-wood market. This is a real opportunity to present the 8017/8010 Series as an alternative to the more pricey clad-wood market.
Remember this: there are two sides to a pancake. The side closest to the burner gets fried, and the other side sees a brighter picture. At MGM we are not going to focus on getting fried by the economy.
This year, using unit sold, we are 23% up versus last year.
This year, based on sales, we are 24% up versus last year.
Not bad for being in a down economy.
Abe
