Acme United – Update Interview
Acme United Corporation (ACU – $10.50) that manufacturers and sells cutting devices, measuring instruments and safety products for school, home and office use ended its second quarter on June 30, 2010.
We asked Mr. Walter Johnsen, ACU’s Chief Executive Officer, to give us an update because we were a bit puzzled. On the one hand we’re getting mixed signals from the US and European economy. And China, where most of the Company’s products are imported from, is under pressure to loosen control of its currency, the Renminbi. And on the other hand we have Acme United that’s expanding its distribution network and is bringing more innovative cutting and measuring products to the market.
In this 5-minute interview, Mr. Johnsen answers all our questions about the Company’s second quarter and its near term future.
Simply click the start button below to listen to the interview.
|1. I like Acme United because it’s fundamentally sound with over $63 million dollars in sales and $2.5 million dollars in earnings in 2010. At the same time I expect the Company to grow substantially over the next few years as it’s bringing incomparable (really!) cutting products to the market. Download your copy of the latest Company Report.|
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