“Your big opportunity may be right where you are now.” -Napoleon Hill
MMIO Announces New Product Line. Paves Way for Fruitful Future
Marmion Industries Corp. (OTCBB: MMIO) announced a new line of industrial AC units today and I think the move should have a very positive impact on the company’s future performance.
The product is innovative in the sense that it is ideal in situations in which industrial real estate is limited. With organizations of all shapes, sizes, and colors now trying to do more with less, I’m sure the aforementioned situation is occurring increasingly more these days.
The STALLION series can be stacked, racked, and comes in relatively small sizes, making it an obvious choice over the standard wall mount units offered by many suppliers.
This move exhibits, in my opinion, that the company is able to accurately take the pulse of its key markets and then develop products that quickly respond to demand. With consumers and big oil companies alike becoming a bit more tight with their budgets, products that help save time and money are increasingly getting scooped up with others get passed by.
The STALLION appears to be one of those products that makes the grade. Who knows? Maybe this will lead to another Conoco or Lucite deal. The market would surely love that.
Commenting on today’s news, CEO W.H. Marmion stated: “We are very excited by the initial responses to our new product line suited specifically for industrial buildings where space is very limited. The interest has been overwhelming and we are expecting the STALLION line to fulfill a strategic niche within our industry. The STALLION fits where standard wall mount air conditioners just will not work. One of the unique features is they (the STALLION Series) are stackable, rackable, and redundant giving the customer much more options than a standard wall mount possibly ever could.”
The Stock is already up over 40% this morning and could be a nice play today if volume begins creeping up.
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The question is not whether or not the U.S. Federal Reserve Bank will cut its benchmark lending rate today, but if in fact the cut will have any impact on our wounded economy.
Whether the cut is .25 or .75 points – either of which would bring the rate to an all-time low, economists fear that the benefits simply won’t trickle down the consumer. Recent rate cuts have done nothing to boost the consumer credit market because given current economic conditions, the banks that aren’t going under find that issuing consumer loans at anything else than a premium is far too risky.
A great example of this is the current market for auto loans. Typically influenced by the prime rate, which was roughly 4%, Monday, the interest for a 48-month new car loan is 6.8%.
With Americans now hoarding their money and growing increasingly content with simply not losing their hard-earned greenbacks, the Fed may need to expend some of its “extra ammunition” in addition to its imminent rate cut to get consumers to start spending again.
So, what happens when the rate hits zero and its back to the drawing board for Big Ben and his crew? Here’s a great report written by Ben Bernanke himself on potential strategies for monetary policy when the key rate hits zero.
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