Energy prices hurting Myers' sales

Energy prices hurting Myers' sales

There are 6 comments on the Akron Beacon Journal story from Jul 24, 2008, titled Energy prices hurting Myers' sales. In it, Akron Beacon Journal reports that:

Myers Industries Inc. reported slightly higher net income for the second quarter on lower revenue Thursday, but said higher energy prices are driving up costs as well as sapping sales.

Join the discussion below, or Read more at Akron Beacon Journal.

TickedinOhio

Massillon, OH

#1 Jul 25, 2008
Maybe they need to fire some of their employees, they have been known to do that before. All while their main officers make more money than anyone else in the business... Oh wait that is right this is a company that likes managers, why in the IT dept alone they have 5 managers out of 5 people... Nice job Orr isn't it a wonder how Myers stays afloat with people running it that came from a floundering GoodYear, and a floundering Rubbermaid. Way to keep those stock values up.

“2nd BN 42nd FA - 15D10 Lance”

Since: May 07

United States

#2 Jul 25, 2008
I would like for Myers to develop the first hybrid Hydrogen/Electric vehicle. I think now is the time for the middle and upper class to step up and support the effort, and benefit from the technology.

It should allow one to recharge the batterys' at work or at home. While charging the system will create liquefied hydrogen for use as a fuel for he engine.

The exhaust is to be condensed (if possible) filtered and reused for making liquefied hydrogen or for drinking, maybe. More distilled water can be added as needed. This will work better than Ethanol and will not cause cause food prices to soar.

The only problem would be the Government/Fascists that want everyone to be too poor and weak to resist the tyranny that is to come upon us all.
Who Me

Akron, OH

#3 Jul 25, 2008
Hmmmm....I think someone needs to read up a bit on Myers Industries. The company is a distributor of tire supplies (everything except tires!) and a manufacturer of plastics used in industries. They don't have an R&D team in place to create new plastic containers for the market let alone develop a car!

“2nd BN 42nd FA - 15D10 Lance”

Since: May 07

United States

#4 Jul 25, 2008
Who Me wrote:
Hmmmm....I think someone needs to read up a bit on Myers Industries. The company is a distributor of tire supplies (everything except tires!) and a manufacturer of plastics used in industries. They don't have an R&D team in place to create new plastic containers for the market let alone develop a car!
You are so right I was thinking of S. D. Myers, Inc.
Bub

Broadview Heights, OH

#5 Jul 25, 2008
cj1404 at juno dot com wrote:
<quoted text>
You are so right I was thinking of S. D. Myers, Inc.
They disassemble,build and service electrical transformers...strike 2

“2nd BN 42nd FA - 15D10 Lance”

Since: May 07

Uniontown, OH

#6 Jul 25, 2008
Bub wrote:
<quoted text>
They disassemble,build and service electrical transformers...strike 2
Dana Myers was running S.D. Myers Corp., his family's successful electrical transformer business, in 2003 when he got interested in electric vehicles. He then bought California's Corbin Motors which was going out of business.

It's the size of a motorcycle, has three wheels and enough room for only a driver. Some affectionately call it a "pizza butt."

"We're working on ways of getting them more mass-producible so we can get the cost down," Myers said. By mid-2008, he hopes to get the price under $30,000 and still be able to make a profit.

http://blog.cleveland.com/business/2007/12/my...

Grand Slam Home Run !

Hear the crowd roar.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Myers Industries Discussions

Title Updated Last By Comments
News Stephen Myers, former P.S.1 charter school prin... (Aug '12) Jun 22 Connie Durant 6
News Press release distribution, EDGAR filing, XBRL,... Mar '16 Elise Gingerich 1
News DE Man Charged With Abusing Elderly Mother (Jan '14) Jan '14 lisa 1
News Myers Industries inks pact to sell two subsidia... (Sep '09) Sep '09 BUCKHORN RUBBER 1
News Company buyout canceled, Myers' shareholders meet (Apr '08) Jul '09 Undercover Brother 6
News Changes expected at Myers Industries (Aug '08) Aug '08 TickedinOhio 1
News Profit declines at Myers Industries (Apr '08) Jul '08 DCL Denver 2
More from around the web