I think Intelligent Investor upgrade from Sell to Hold two days ago.
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I think Intelligent Investor upgrade from Sell to Hold two days ago.
To impose a blanket "Large tariff" on goods from Mexico entering the USA would seriously hurt American manufacturing plants that rely on cheaply made components from Mexico. So no, that ain't going to happen. FPH, Patent protected gold standard medical gear that improve the lives of millions of Americans, bit different to the standard Mexican Potato.
Sure - any tariffs will hurt Americans, that's what trade restrictions always do to the country initiating them ... but I don't think that the current chorus of haters and nationalists over there will be easily convinced by rational arguments. As well - FPH is not the only manufacturer of this equipment, and some competitors (e.g. their preferred sparring partner in court) do manufacture in the US.
Trump’s recently released plans for the first 100 days in office – His proposed action on Trade – withdraw from the TPP. That’s it.
No mention of NAFTA, which he described when campaigning as the worst trade deal ever. Surely that would make it his number one priority?
You know that Donald will say whatever is needed to get himself elected what happens after that is dependant on the resulting growth of his personal wealth.
I wonder what the state of the legals are. The company wouldn't tell me because it's an ongoing legal case.
My knowledge about the American legal system is that whoever has the most money and power wins, so FPH should lose. Obviously FPH is fighting hard, they've even brought someone with legal experience onto the board... Will that be enough?
Is the SP being driven down today by the apparently impossible to win legal action OR the Trump imposed astronomic Mexico border tariffs? or is this just an undefendable two pronged attack?, no wonder the SP is heading South.
Neither, the market is just generally down.
There's more gainers today than decliners.