Category Archives: Newsroom

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Young Guns of MDNA, Brewster

In high school and adolescent years in his small hometown of Sandusky Michigan heyoung guns text 1 was better known as “Brew Ha,” “Bangin Bear” and “Kiss of Death.”  If you dare to be so bold, you’d challenge him for his title of “fastest pin in wrestling” which was a record 5 seconds time. Kevin Brewster, President and founder of On Target Machine Brokers, LLC located in Watertown, Connecticut has been a member of the Machinery Dealers National Association (MDNA) since September of 2013.

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Don’t let this competitive, all-star sports jock, machinery dealing, outdoorsman hunting, fishing, camper, Young Gun fool you. Underneath the towering 6”2 build is an easygoing softer guy. A family man who reminisces with wife Julie saying

“Our favorite memories are camping trips with the kids when they were younger and telling them the old spooky urban legends of Hookman before bedtime near the campfire.”

Kevin and Julie have a lot of mouths to feed with four children, Kenny 26, Rachel 23, Brandon 19, Alexandria (AKA Pip) 16, plus a daughter in law Alyssa 26, granddaughter Amelia 9 months, their chocolate lab Mongo and in Kevin’s words “One stupid cat named Lady.”

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Kevin with wife Julie

Kevin started out in this industry as what dealers refer to as the “end user” opening his first shop at the age of 25 in Michigan (KC Machining Inc.). He was known for Wire EDM specialties in 4TH axis and was published with Mitsubishi for discovering new process to wire components. His background includes Wire EDM, Die Sink EDM, Engineering, and Project Management in the tool and die, Plastic extrusion tool and Plastic Mold making.

After relocating to Connecticut nearly 14 years ago to work and apply his skills in Medical Device Manufacturing Kevin decided he would break off on his own again. Kevin founded On Target Machine Brokers, LLC three and a half years ago and he says

“I had worked in manufacturing equipment sales for several years, but did not respect the dishonest methods I was exposed to. I knew that I had something to offer to this industry and decided to go on my own and build a company I could be proud of.”  

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Kevin on the MDNA New England Chapter Tour

Today, On Target Machine Brokers, LLC (OTMB) caters to many metal fabricating and chip making industries. Kevin says

“I started my career with precision metal fabrication and I have a vast knowledge of how the equipment works. Due to this knowledge OTMB can offer our expertise and experience to ‘Target’ the right equipment for our customers. This and our customer service is what makes our team gain our customers’ trust and keep it. Our core values are to ensure our customers are profitable with their new equipment and ensuring that they have the best experience possible.”

Kevin was recently elected as the Chair of the MDNA New England Chapter. He says

“I enjoy traveling to the MDNA events with my wife and each time we go I’ve made new contacts and I’ve been able to make money with the members of the MDNA.”

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Julie and Kevin at the MDNA Convention 2014

 

Sample of used equipment On Target Machine Brokers, LLC has listed for sale includes: Air Compressors, Air Lifts, Air Uploaders, Angle Bending Rolls, Arm Drills, Band Saws, Bar Feeders, Bending Machines, Brakes, Bridgeparts & Knee Mills, Boring Mills, Chip Wringer, CMM, CNC, Conveyors, Die Head Threaders, Drill Presses, Dust Collection Systems, EDM/Wire EDM, Fabricating, Grinders, Lathes, Laser Cutting Machines, Lift Trucks, Press Brakes, Roll Forming Machines, Shears, Spindle Chucking Machines, Vertical Mills, Welders.

 


Who are MDNA’s Young Guns? Learn More here

 

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Young Guns of MDNA, Clark

Introducing Troy Clark of Clark Machinery Sales, LLC.young guns text 1

Troy’s business, Clark Machinery Sales, LLC, is located in a town called Hunt Valley, Maryland, which is approximately three hours south of New York and just over an hour north of Washington, D.C.

He’s known to be an early bird, often on the green squeezing in the back 9 before most of us have even had coffee. Troy says, “It’s my favorite way to start the work day.” Golfing isn’t the only sport to get this Marylanders adrenaline pumping, he exclaims..

“I enjoy few things more than downhill skiing…. and football are you kidding? Go Ravens!”

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However, Troy’s not the only controller of the remote and his greatest joy is sharing his life with wife Helen of over 14 years and their two lovely, creative daughters, Amelia (10) and Lily (8).  Helen and Troy are both cinephile’s and can’t say enough great things about this year’s “Birdman” and “The Grand Budapest Hotel.”

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In 1997, shortly after moving to Chicago, Troy began working in the used machinery industry. Troy’s father was working a machine cell at the very time Troy started dialing companies from the D&B book in Chicago. It was through a series of life events and various careers that Troy says

“I found myself face to face with the decision to leap into the free-fall that is business ownership.”  He founded Clark Machinery in January of 2005. Troy exclaims, “Each year since then it has been a great adventure in the Wild-Wild West of machinery dealing!”

Clark Machinery Sales, LLC, specializes in buying and selling metalworking machinery nationwide. The company’s focus areas are: CNC Swiss, Haas Machinery, multi-axis lathes and machining centers.  Troy says they succeed because “we are passionate about process, believing that structure and clarity protect both the buyer and the seller.”  Troy started out as a broker, but has since moved into buying for inventory and holding auctions.  He is also a proud member of the Association of Machinery and Equipment Appraisers (AMEA).

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Troy is an active member of Machinery Dealers National Association and is currently the Chair for the MDNA Philadelphia Chapter.

“We own inventory with MDNA dealers across the country and enjoy working with our fellow MDNA dealers whom we consider to be some of the best individuals in the industry!”- Troy Clark

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Who are MDNA’s Young Guns?

There are many new and younger faces throughout our MDNA membership.  This new sponsorship program aims to introduce the new faces of these companies as well as introduce key people at new MDNA member firms.

MDNA “Young Guns” are sponsoring A Night at Smithsonian’s National Museum of American History!  This grand evening would not be possible without the support of this growing sponsorship team.

If you are interested in this incredible “Young Guns” sponsorship opportunity please reach out to the MDNA office. Stay tuned as we introduce you to the new breed of MDNA members and future leaders of the industry at this year’s Convention and throughout the coming year.

For Young Guns you may have missed go the the NEWSROOM drop-down menu above. 

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Who are MDNA’s Young Guns?

There are many new and younger faces throughout our MDNA membership.  This young guns text 1new marketing program aims to introduce the new faces of these companies as well as introduce key people at new MDNA member firms.

If you are interested in this incredible “Young Guns” marketing opportunity please reach out to the MDNA office.

Stay tuned as we continue to introduce you to the new breed of MDNA members and future leaders of the industry throughout the coming year.

*For Young Guns you may have missed select the links below! 

YOUNG GUNS OF MDNA, MEET JOHN BUTZ

YOUNG GUNS OF MDNA, MEET ADAM HERMAN

YOUNG GUNS OF MDNA, MEET MAURO DAMINO

YOUNG GUNS: FROM HOLLYWOOD TO MACHINERY- CHUCK RADTKE

YOUNG GUNS OF MDNA, MEET BILL MELVIN JR.

YOUNG GUNS OF MDNA, MEET WILLIAM

YOUNG GUNS OF MDNA, MEET CARL DAVIS

YOUNG GUNS OF MDNA, BREWSTER

YOUNG GUNS OF MDNA, CLARK

 

 

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A VERY DIFFERENT NASDAQ

By Burt White Chief Investment Officer, LPL Financial
Jeff Buchbinder, CFA Market Strategist, LPL Financial

Weekly Market Commentary

The Nasdaq Composite just hit 5000 today as this report was going to press and is nearing its all-time record closing high of 5048 set during the peak of the internet bubble in March 2000. The 15-year journey back to these highs after the bubble burst included two recessions along the way — one of them “Great.” This accomplishment has sparked renewed concerns that the Nasdaq’s ascent reflects a stock market bubble that may soon burst. Even with the Nasdaq at 5000, based on valuation and sentiment measures, we do not believe stocks have reached bubble territory. As we walk down memory lane to the days when we got stock picks from cab drivers and chat rooms, we see that the Nasdaq’s foundation is much stronger today.

ANOTHER BUBBLE?

To assess whether the Nasdaq reflects excessive speculation that has historically characterized bubbles, we look at several measures of valuation and sentiment. A comparison between where these measures stand today and their levels back in 2000 reveals that the environment then was very different. This comparison enhances our comfort with our positive stock market view, based on our investment process incorporating fundamentals, valuations, and technical analysis.

See our infographic, A Very Different Nasdaq,
for more comparison of 2000 and 2015.

Get the Full Market Report Here: Market Commentary 03022015

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THE MISERY INDEX

Weekly Market Commentary

By John Canally Chief Economic Strategist, LPL Financial

THE MISERY INDEX: JUNE 1980
In June 1980, the U.S. economy was just exiting the first of two back-to-back recessions. The June 2, 1980, cover of TIME magazine was “The Big Blowup,” referring not to the awful state of the U.S. economy, but to the recent eruption of Mount St. Helens in Washington state. The Business and Economy section of the magazine that month, however, was full of stories about just how bad the U.S. economy was:

  • ƒƒJune 9, 1980, “Consumers Feel the Pinch”: “With the economy in a downward spiral of still uncertain depth, many consumers have decided to cut their losses. …More Americans are unemployed, many others are doing without overtime pay, and inflation has eroded earnings.”
  • ƒƒJune 16, 1980, “The Bad News Gets Worse”: “…not only has the next recession begun, but it is already shaping up to be one of the worst slumps since the Great Depression of the 1930s.”
  • ƒƒJune 30, 1980, “Harder Times in the U.S.”: “While the Europeans generally hope to suffer only a mild slowing of economic growth, U.S. business continues to reel downward.”

The unemployment rate hit 7.6% in June 1980 and the inflation rate (as measured by the year-over-year percent change in the consumer price index [CPI]) soared to an incredible 14.4%, pushing the Misery Index (year-over-year percent change in CPI plus the unemployment rate) to 22.0% [Figure 1]. In retrospect, the 14.4% reading on the CPI in June 1980 marked the high point for inflation in the late 1970s/early 1980s. Unfortunately, for the U.S. economy, the next recession (the one that would begin in mid-1981 and last through the end of 1982) would ultimately drive the unemployment rate to 10.8%. The economy in the early 1980s was truly miserable, matching the nation’s mood.

Read Full Report Here: Economic Commentary 03022015

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MDNA RECEIVES GENEROUS DONATION

FOR IMMEDIATE RELEASE, FEBRUARY 20, 2015

WASHINGTON, D.C.- Machinery Dealers National Association recognizes the MDNA Chicago Chapter for their generous contribution of $5,000 to this year’s upcoming 74th Annual Convention & Business Meeting in Washington, D.C.

John Conroy, Chairman – MDNA Convention Committee says, “I cannot tell you how much my entire Convention Committee and I appreciate the generosity of the Chicago Chapter. As the costs of putting on this Convention escalate every year, we have been successful in having only one minor increase in our Convention Registration Fee in the last 15 years thanks to the generosity of sponsors like the Chicago Chapter. It is our goal to make the Convention affordable to all members of our Association while at the same time making each one a smash hit. Please extend my thanks and the thanks of my entire committee to all of the members of the Chicago Chapter.”

The Chicago Chapter has stepped up countless times in support of the MDNA.  This sponsorship money will go towards making this Convention more affordable for all members of this Association.  MDNA hopes that by recognizing this chapter it provides a visible acknowledgement of the importance that their contributions have made on our Association and its members.

The MDNA thanks the Chicago Chapter for their support—your generosity is inspiring.

How Can Others Participate in Convention Sponsorship?

Your company’s donation or your chapter’s donation will improve the quality of our event by making it possible to continue to keep the registration fees low while still delivering great social, business, educational and networking activities at the MDNA Convention.

To support the MDNA Convention as a Sponsor please contact the MDNA National office or Convention Committee Member, Jean Harris.

About the MDNA Convention: MDNA’s 74TH Annual Convention & Business Meeting is scheduled to take place on April 23rd- 26th, 2015 at The Historic Mayflower Renaissance Washington, DC, Hotel. The MDNA Convention is open to MDNA members, MDNA Premier Vendors, sponsors – and invited guests who have not attended an MDNA function in the last five years. LEARN MORE ABOUT CONVENTION HERE

 

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FOR PRESS RELATED INQUIRIES:

Jennifer Gray, Marketing Director

Phone: 703.836.9300 Email: jgray@mdna.org

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Young Guns of MDNA, Wheeler

Meet the first of our featured Young Guns, Dan Wheeler of Wheeler Machinery Sales, Inc.young guns text 1

A west coast family man, President of Wheeler Machinery Sales, and walker to a furry dog named Elvis, Dan is a car loving, motorcycle riding, boar & bird hunting, football & little league coaching, father of 3 ranging in age from 3  to 11 and reports daily to the lovely Mrs. Gina Wheeler.

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Mr. Wheeler is undoubtedly someone to keep an eye on with 20 years’ experience in machinery sales already and he’s got plenty of years ahead being just 40 years young.

His talents advanced at a young age while obtaining his BS in Engineering from California Polytechnic San Luis Obispo. Dan is also an AMEA Certified Equipment Appraiser and (ASA) American Society of Appraisers certified.

Dan came into the family business in the mid 90’s to help his dad out.  Eventually he became a full-time salesman, selling a wide variety of machines ranging from fabrication to general machine tools.  At his dad’s passing in January 2012, he purchased the company from his mom and sister.  He is a third generation machinery dealer.

“Many years ago I asked my grandfather what led him into getting involved in the business and he said he met Milton himself on Pacific Blvd in Los Angeles and he use to polish his shoes.” 

His grandfather got his start as a set-up man for Milton Wershaw Auctioneers – based out of Los Angeles, CA.  He was 16 years old at the time.  His grandfather eventually broke away and started Wheeler Machinery Co. on San Pedro St. in Los Angeles.  Dan’s father worked for his grandfather, but would eventually go on his own, hence the name Wheeler Machinery Sales.

Wheeler Machinery Sales, founded by Dan’s father Crist Wheeler, opened its doors in 1969.  For many years they were located on Santa Fe Ave. (Machinery Row) in Los Angeles, CA.  Recently, their business moved into a newer more modern structure in Pomona, CA, approximately the same size as their facility in Los Angeles.

Dan says “We concentrate mostly on Fabrication Equipment and General Machine Tools, from small to very large.

Wheeler Machinery Sales, Inc., Pomona, CA

Sample of Inventory: AIR COMPRESSORS, BORING MILLS, PRESS BRAKES, Mechanical BRAKES, DRILL SHARPENERS, DRYERS, ELECTRIC DISCHARGE MACHINES, GEAR SHAPERS, GRINDERS, INSERTION MACHINES, LATHES, MACHINING CENTERS, MARKING MACHINES, HORIZONTAL & VERTICAL MILLERS, HYDRAULIC PRESSES, ROLLS, SAWS, SHEARS, ROTARY TABLES, TESTING EQUIPMENT, WELDERS, WIRE MACHINERY

“Our staff holds a lot of experience with the low man on the totem pole having minimum 10 years’ experience.  We employ 4 full time staff members and we all participate in sales and repair.  We have a great reputation and concentrate on quality and customer service.”

Dan is an active member within Machinery Dealers National Association and is passionate about the success and development of the used metalworking and capital equipment industry.


If you are interested in this incredible “Young Guns” sponsorship opportunity, please reach out to the MDNA office - and stay tuned as we introduce you to the new breed of MDNA members and future leaders of the industry –  at this year’s Convention and throughout the coming year.

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GLOBAL GDP TRACKER

By John Canally Chief Economic Strategist, LPL Financial 

The top 25 global economies make up 90% of global gross domestic product (GDP). Through Friday, February 13, 2015, 13 of these economies (including countries and political unions) have already reported Q4 2014 GDP results, including the four largest economies (U.S., Eurozone, China, and India). As this commentary was being prepared for publication, Japan, the world’s fifth-largest economy, released Q4 GDP results. Between now and the end of February 2015, Thailand, Mexico, and South Africa will report Q4 2014 GDP; and in the first half of March 2015, reports are due out from Canada, Australia, Switzerland, and Sweden. In late March and early April 2015, key emerging market economies, Brazil and Russia, will report Q4 2014 GDP results.

See our infographic, “Global GDP at a Glance” for a breakdown of
developed and emerging markets’ contributions to global GDP.

Our infographic and the following table, arranged in order of Q4 2014 GDP report date, indicate:

  • Whether a country is a developed or emerging market economy
  • The size and relative size of the economy compared to global GDP
  • ƒƒThe result (if available) and consensus estimate (as compiled by Bloomberg News)

Unless otherwise indicated, the actual GDP readings and forecasts in the graphic are year-over-year readings.

In the table following the infographic, we’ve also included a comment on the economy as it relates to oil, indicating, where pertinent, whether the country is a net importer or exporter of oil, how the oil price decline is likely to impact the economy in 2015, and for the larger economies (the top 10 or so), a general comment on how the GDP outlook is shaping up for 2015. We derive these comments from the January 26, 2015, Weekly Economic Commentary, “Gauging Global Growth: An Update for 2015 and 2016.” As we noted in that commentary, the market continues to expect that global GDP growth will accelerate in both 2015 and 2016, aided by lower oil prices and stimulus from two of the three leading central banks in the world; but, in a twist on recent history, the consensus has been raising its estimate for growth in 2015 for developed economies and sharply lowering its estimate for emerging markets. We also noted that even though other factors are in play (inflation, war, sanctions, weather, fiscal and monetary policy, longer-term secular trends like demographics, etc.), the drop in oil and other commodity prices over the past year or so has played a key part in the progression of GDP forecasts across the globe… Read the Full Report here: Economic Commentary 02172015

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ENERGY SECTOR OUTLOOK: WHAT WE ARE WATCHING

Weekly Market Commentary
By Burt White Chief Investment Officer, LPL Financial
Jeff Buchbinder, CFA Market Strategist, LPL Financial

No sector is getting more attention right now than energy. Market participants are attracted to the potential upside after both oil and the energy sector suffered substantial declines in recent months. Many see the sector as cheap, something that is not easy to find these days in the U.S. equity market. We drive by gas stations every day where we see prices have been cut in half, serving as a constant reminder of how cheap oil is. In this commentary, we discuss what we are watching to assess the opportunity in energy.

WHAT WE ARE WATCHING

Here are some of the key factors we are watching to assess the potential upside
opportunity in the energy sector:
Supply. The massive drop in domestic oil prices (more than 50% since June 20,
2014) has been almost entirely supply driven, with modest contribution from slowing
global growth. Thanks to booming U.S. oil production [Figure 1], inventories are not
only well above the five-year range for this time of year [Figure 2, page 2], but they
are near their highest levels on record. According to the International Energy Agency

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(IEA), the global oil market is currently about 800,000 barrels per day oversupplied (for perspective, the global oil market is roughly 94 million barrels per day). We do not expect a rapid supply response from producers given low marginal costs of continuing the most cost-efficient production, which means that lower prices may be required to balance the market. We would expect the bottom in oil to be put in once the market sees actual and meaningful supply reductions, which has not happened as of yet and… Read Full Report Here: Market Commentary 02172015

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EARNINGS SEASON HIGHLIGHTS AND LOWLIGHTS

Weekly Market Commentary
By Burt White Chief Investment Officer, LPL Financial
Jeff Buchbinder, CFA Market Strategist, LPL Financial

Despite the massive drag from the energy sector and the negative impact of a strong U.S. dollar, fourth quarter 2014 earnings are on track to exceed the prior Thomson-tracked consensus estimate of 4.2% (as of quarter end on December 31, 2014). In fact, despite a slow start, earnings growth for the quarter (after all 500 companies have reported) should approach 7%, reaching the average historical upside surprise of 3%. As of February 6, 2015, with about two-thirds of S&P 500 companies having reported, S&P 500 earnings were on track for a 6.4% year-over-year increase for the quarter according to Thomson. In this commentary we look at some of the highlights and lowlights of this earnings season as it enters the home stretch.

HIGHLIGHTS

Industrials defying skeptics. The industrials sector had many skeptics coming into this earnings season. The sector is one of the most global and was expected to see among the biggest negative currency impacts, both in terms of translation of foreign profits and pricier U.S. exports (a strong dollar makes imports more expensive for foreign buyers). A significant portion of energy capital spending flows to the sector, so reductions in oil exploration and production investment have negatively impacted the industrials sector. Lackluster economic growth in Europe and slowing growth in China add to the challenges. But strength in North America and expanding profit margins helped offset the drags, and industrials are on pace for 12% earnings growth in the quarter, 2% above prior expectations as of quarter end. Although guidance has led to estimate reductions, as it often does for all sectors, 2015 estimates are still calling for a solid 7% earnings gain compared with 2014. Our industrials sector outlook remains positive.

Technology producing big upside surprise. The technology sector is on pace for a solid 17% year-over-year gain in fourth quarter earnings, nearly double the prior 9% expectation, representing the biggest upside surprise among all 10 equity sectors [Figure 1]. The sector has also posted the highest “beat rate” among all sectors with 88% of S&P 500 companies beating on the bottom line (tied with healthcare). This achievement is particularly impressive given the significant drag from the strong U.S. dollar (like industrials, technology is among the most global sectors). The biggest driver of the upside was Apple, which by itself generated about 2 percentage points of S&P 500 earnings growth after increasing earnings per share by 48%, well above consensus. The technology sector has benefited from revenue and earnings gains across the hardware, software, and semiconductor groups, with tailwinds from trends in mobility, cloud computing, security, and data analytics. Our technology sector view remains positive.

The biggest driver of the upside was Apple, which by itself generated about 2 percentage points of S&P 500 earnings growth.

Typical guidance reduction (ex-energy). Historically, bottom-up consensus estimates have fallen by.. Read Full Report here: Market Commentary 02092015

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