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MDNA News Magazine

Read the 2018 SPRING/SUMMER edition of the MDNA News Magazine online here! Published by the Machinery Dealers National Association . Highlights In this edition: Convention Coverage, New Board of Directors, Chicago Chapter Dinner and more…


Read the Fall edition of the MDNA News Magazine online here! Highlights inside the latest issue include: Austin D. Lucas Scholarship Winners/ Recipients, MDNA Convention, NEW Members and More…


Read the 2017 Summer edition of the MDNA News Magazine online here!  Published by the Machinery Dealers National Association . Highlights In this edition: Weekend With The Pros, Chapter News, New Board of Directors, MDNA Board Report Highlights, New Members…


Read the 2017 Winter edition of the MDNA News Magazine online here! Highlights inside the latest issue include: MDNA Convention, MDNA Board Report, NEW Members, AMEA Staff Change and AMEA appraisers Forum!

  Read the 2016 Fall Edition of the MDNA News Magazine online here! Highlights inside the latest issue include: Austin D. Lucas Scholarship Winners/ Recipients, MDNA Convention, NEW Members and More…

  Read the 2016 Summer Edition of the MDNA News Magazine online here! Highlights inside the latest issue include: Chapter News, MDNA Convention Coverage, MDNA Board Report, NEW Members and More…

   Read the 2016 Winter edition of the MDNA News Magazine online here! Highlights inside the latest issue include: Section 179, Chapter News, Cover Story, MDNA Convention, New Educational Program, MDNA Board Report, NEW Members

    The 2015 FALL edition of the MDNA News has been published! IN THIS ISSUE: Austin D. Lucas Scholarship Trust Recipients Awarded, MDNA 2016 Convention, Weekend With The Pros Re-Cap, The Golden Years and more…


inc500 (2) RESELL AWARD

ReSell CNC Growing Fast

Machinery Dealers National Association (MDNA) Member Firm, ReSell CNC was recognized in The 2014 Inc. 5000 Magazine as the #155th fastest growing privately held company in the United States and the #8th fastest growing Business Services Company.

ReSell CNC was established in 2008 and is headed by MDNA member, John Butz. ReSell started as a small one man shop and has grown into a full stocking dealer with twenty employees and representatives across the United States.


inc500 (2) RESELL AWARD






ReSell CNC stocks all types of used CNC machine tools while focusing on metal cutting machinery such as Mazak, Haas, Mori Seiki, Okuma, Makino, Fadal, Daewoo, Kitamura, Citizen, Star and many more CNC machine brands. ReSell resells manufacturing equipment through auctions and liquidation sales.

John Butz, the founder and president of ReSell CNC and Mike Mills who joined the company this year and runs ReSell CNC West, the office in Scottsdale, AZ, have worked in the CNC business for over twenty years and bring the knowledge and experience that was needed to grow the company so fast.

john butz, RESELL
Mike Mills, RESELL CNC








Matt Horn, Vice President of Operations, ReSell CNC remarks on how they were able to get here-

“Our rapid growth has been propelled by the addition of auction capabilities to the already extensive retail services we can provide to customers and by the addition of our Western US office in Scottsdale, AZ. These two additions have allowed us to bring more comprehensive solutions to our customers and to expand our customer base into the Western US.”

#stockingdealer #usedmachinery #cncbusiness #cnc #usedcnc


Outlook for 2015, LPL Financial

Written by Douglas M. O’Rear, AIF®  - Chandler, O’Rear & Associates

Looking ahead to 2015, I see a year that will be marked by transitions. Likely changes in LPL 2015 OUTLOOK 1monetary policy around the world, the return of volatility, and the recent shift in the political balance of Congress could mean 2015 is a year that will have the global economy, markets, and central banks all on the move.

LPL Financial Research has identified significant elements that will be in transit in 2015, which include:

  • The U.S. economy continues its transition from the slow gross domestic product (GDP) growth of 2011–2013 to more sustained, broad-based growth. Ongoing progress in the labor market, an uptick in wage growth, and continued improvement in consumer and business spending have propelled an uptrend in U.S. economic output. LPL Research expects that inflation—which has historically accelerated as the economy moves into the second half of the business cycle—is poised to continue proceeding higher, but only modestly so.
  • Central banks around the world will also be on the move in 2015. In the United States, the economy is likely to continue to travel toward a point where the Federal Reserve (Fed) will begin raising interest rates, albeit gradually, for the first time in nine years. The Eurozone and Japan—the world’s second and fourth largest economies, respectively—could benefit, as central banks in those regions embark on more aggressive policy actions aimed at restarting and re-accelerating their long-dormant economies.
  • Washington shifts from a relatively quiet 2014 to take a bigger role in 2015. The Republican takeover in the Senate and approaching debt ceiling limit might provide the opportunity for some movement out of the gridlock that has plagued Washington in recent years.

Against this backdrop, LPL Research forecasts the following:

  • The U.S. economy is expected to expand at a rate of 3% or slightly higher in 2015. This forecast matches the average growth rate over the past 50 years, and is based on contributions from consumer spending, business capital spending, and housing, which are poised to advance at historically average or better growth rates in 2015.
  • Tempered by increasing levels of volatility, stocks may be poised to advance 5–9%. LPL Research expects continued economic growth, benign global monetary policy, and a more favorable policy climate from Washington indicate that the powerful, nearly six-year-old bull market should continue. This forecast is in-line with the average stock market growth of 7–9%, since WWII. Supported by improved global economic growth and stable profit margins in 2015, expected earnings per share growth for S&P 500 companies is 5–10%.
  • Expect flat bond market returns. With sustained improvement in economic growth, slowly rising inflation, and the approach of the Fed’s first interest rate hike, bond prices are likely to decline in 2015. LPL Research believes high-yield bonds and bank loans with their attractive yields can help investors manage this challenging bond 2015 outlook 2

To help investors prepare for an expected market in transition, LPL Research has compiled timely advice into its Outlook 2015: In Transit publication. Transition, as is described in this publication, is just another word for change. The forthcoming change in the economic and market landscape in 2015 offers great opportunities, but also major challenges, likely in the form of increased volatility. However, as LPL Research forecasts relatively strong economic growth unfolding over the horizon, the bigger threat to most investment portfolios will be the pull of our emotions. It is human nature to weigh market struggles substantially more than the strong market returns between them. As investors, keeping our emotions in check when confronting increased volatility could be the key to potential success in 2015. With an investment strategy in hand and a destination in mind, LPL Research believes 2015 is poised to be a potentially favorable, though perhaps volatile, year for investors.

Read the full report here: LPL 2015 Outlook

LPL 2015 Outlook Abridged


arnold story 1993 - MIX 96

Radio DJ Turned Machinery Dealer

MDNA Member Jon Arnold celebrates his 20th Anniversary with Arnold Equipment Company, and shares his interesting beginning

Written by Jon Arnold, President, Arnold Equipment Company                                                                                                  Published 12/16/2014

Flash back

It’s the fall of 1994.  There I was, working as the afternoon drive DJ for Mix 96 in La Crosse, Wisconsin.  Being heavily involved with station promotion and live remote broadcasts, I helped bring the station’s ratings up in the market for my time slot.

Jon Arnold 1993 - MIX 96 VAN

Time For A Change

Unfortunately, the ownership group decided to go in a new direction and change music formats.  They blew up the staff and I was out of a job.  Immediately, I was hired by the top station in town (Z-93) on a part-time basis.  It was at that time that I reassessed my career and decided to go in an entirely different direction.

Jon Arnold  1993 - MIX 96

Growing up

I spent summer’s cleaning machines, driving the forklift, answering phones and not really paying much attention to what dad did for a living other than what time I was done working so I could hang out with friends or go play 9 holes before dark.  Looking back, I wish I would have shown more interest in dad’s business which I often said “I would never get into.”

Jon Arnold with Used Machinery


Never Say Never

My dad, Nate Arnold, gave me the option in November of 1994 to join him in the machinery business.  He told me “If you don’t like it in 3 months, go do something else.”  20 years later, I’m happy to say I’ve stuck with it and have really enjoyed meeting and working with people from all over the world.  Nate is now happily retired and I’m continuing to move forward with the business, keeping it alive and thriving in a fast paced world.  I have made many friends in the business and look forward to what the next 20 years will bring.

Jon and Nate Arnold, Arnold Equipment Company

Nate Arnold with Used Machinery

Carolyn Lee, NAM

MDNA Convention 2015, Speakers

Machinery Dealers National Association Announces Powerful Leading Ladies To Speak For The 74th Annual Convention In April 2015, Washington, D.C.

Carolyn Lee, NAMCarolyn Lee is Senior Director of Tax Policy at the National Association of Manufacturers (NAM), the nation’s largest industrial trade association. In this role Carolyn is responsible for portions of the NAM’s tax portfolio, including issues individual marginal tax rates – which are a top priority for small and medium sized manufacturers – as well as tax issues relating to investment income, energy efficiency and capital cost recovery. Lee is also the NAM’s lead for the implementation of the derivatives title of the Dodd-Frank Wall Street Reform Act. Prior to joining the NAM in the fall of 2011, Lee served as the Director of Legislative and Government Affairs at the Telecommunications Industry Association, Manager of State and Federal Government Affairs for 3M Company and in various positions on Capitol Hill including as Legislative Director for former U.S. Senator Olympia Snowe (R-ME), and as a senior legislative staff member for former U.S. Rep. Sue Kelly (R-NY).  Carolyn is a graduate of Gettysburg College in Gettysburg, Pennsylvania graduating with a B.A. in Political Science and lives in Arlington, Virginia with her husband and two children.

Lindsay Mannion, BB&T WEALTH, Assistant Vice President, of Atlanta, Georgia will lmspeak to attendees on the following topics: Financial Markets Update, Financial Planning and Retirement Planning. BB&T was recently recognized as one of “Forbes Best Banks 2013” by Forbes and was named among the Top 20 of the World’s Strongest Banks by Bloomberg Markets magazine in May 2012.

As a BB&T Private Wealth Financial Advisor, Lindsay Mannion helps her clients take a comprehensive, strategic approach to nancial planning even in the early stages of asset accumulation. Utilizing an in-depth nancial needs assessment and in partnership with BB&T specialists in Banking, Strategic Credit, Risk Management, Investments and Trust & Estate Planning, she develops recommendations tailored to her clients’ needs, priorities and preferences.

Lindsay attended the University of North Carolina at Wilmington where she earned a BS in International Business and the Spanish language. She also completed BB&T’s Leadership Development Program. She holds Life, Accident, and Health Insurance licenses, as well as Series 7 and 66 Securities licenses.

Learn More about the 2015 Convention here 


Government Affairs Update-Section 179

Government Affairs Update: December 22, 2014, 10:00 am  uscapitol-washingtondc-picture1

Via: Mark Robinson, Executive Vice President, MDNA

RE: On Friday, December 19, 2014, the President signed into law H.R. 5771  

Per the White House Press Secretary: “On Friday, December 19, 2014, the President signed into law: H.R. 5771, which temporarily extends several expired tax provisions related to individuals, business, and energy through December 31, 2014; and exempts from taxation Achieving a Better Life Experience (ABLE) accounts set up for the benefit of persons with disabilities to assist in maintaining health, independence, and quality of life.”

What this means:

As previously reported this law retroactively expands Section 179 deduction limits thru 12/31/2014. This new law reinstates the limit on Section 179 to $500,000 as well as reinstates 50% Bonus Depreciation.  Effective January 1, 2015 the Section 179 limit reverts back to $25,000 and will remain there unless Congress acts AGAIN!

Government Affairs Update: December 17, 2014, 11:30 am


Via: Mark Robinson, Executive Vice President, MDNA

RE: What you should tell your customers about the Tax Extenders Bill:

Late Tuesday evening HR.5771 was passed by the Senate having already been approved by the House on December 3rd. Once signed by the President into law (sources indicate he will sign this bill) the law will extend the tax breaks regarding Increased Expensing and Bonus Depreciation that expired in 2013 through December 31, 2014.

  • Through December 31, 2014 the Section 179 Expense Deduction Limit is $500,000
  • 2014 Limit on Capital Purchases = $2 Million
  • 50% “Bonus Depreciation” on qualified assets placed in service during 2014, however Bonus Depreciation does not apply to Used Capital Equipment
  • As always customers should seek advice from their tax advisers

Government Affairs Update: December 17, 2014, 10:00 am


Via: Mark Robinson, Executive Vice President, MDNA

Late Yesterday H.R.5771, The Tax Increase Prevention Act of 2014 passed the Senate.

Senate Record shows: “Status: Passed Senate, under the order of 12/16/14, having achieved 60 votes in the affirmative, without amendment by Yea-Nay Vote. 76 – 16. Record Vote Number: 364.”

Government Affairs Update 12/16/14.  10:00 am


Latest Senate Action on H.R.5771 

Via: Mark Robinson, Executive Vice President, MDNA

12/15/2014 Senate floor actions: Motion to proceed to consideration of measure made in Senate.

Late Yesterday Senate Majority Leader Harry Reid indicated that the Tax Extender Bill, H.R.5771, approved earlier this month by the House would be passed by the Senate within “Days” and then sent on to the President.  He indicated that it would likely not be changed as this would send it back to the House.

It cannot be stressed enough that if H.R.5771 is passed by the Senate and signed by the President it is only effective for 2014.  And this issue will have to be addressed all over again next year.

This delay was caused by the Senate taking up and passing a spending bill that averted a Government shutdown and consideration of a series of nominations prior to moving on the Tax Extender Package.

Government Affairs Update 12/12/14


Via: Mark Robinson, Executive Vice President, MDNA

NAM, our lobbying partner in Washington, D.C. has just informed MDNA that the Senate may vote by the end of today on the Tax Extender bill passed by the House last week and reported to you in the MDNA Biweekly on Tuesday December 9th.

If passed by the Senate and signed by the President this law would ONLY cover the 2014 calendar year.

Currently HR5771 contains the following language regarding Section 179:


(a) In General-

(1) DOLLAR LIMITATION- Section 179(b)(1) is amended–

(A) by striking `beginning in 2010, 2011, 2012, or 2013′ in subparagraph (B) and inserting `beginning after 2009 and before 2015′, and

(B) by striking `2013′ in subparagraph (C) and inserting `2014′.

(2) REDUCTION IN LIMITATION- Section 179(b)(2) is amended–

(A) by striking `beginning in 2010, 2011, 2012, or 2013′ in subparagraph (B) and inserting `beginning after 2009 and before 2015′, and

(B) by striking `2013′ in subparagraph (C) and inserting `2014′.

(b) Computer Software- Section 179(d)(1)(A)(ii) is amended by striking `2014′ and inserting `2015′.

(c) Election- Section 179(c)(2) is amended by striking `2014′ and inserting `2015′.

(d) Special Rules for Treatment of Qualified Real Property-

(1) IN GENERAL- Section 179(f)(1) is amended by striking `beginning in 2010, 2011, 2012, or 2013′ and inserting `beginning after 2009 and before 2015′.


(A) IN GENERAL- Section 179(f)(4) is amended by striking `2013′ each place it appears and inserting `2014′.

(B) CONFORMING AMENDMENT- The heading of subparagraph (C) of section 179(f)(4) is amended by striking `2011 AND 2012′ and inserting `2011, 2012, AND 2013′.

(e) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2013.


Weekly Market Commentary

Can Stocks Deliver the Goods in 2015?


Powerful, Nearly Six-Year-Old Bull Market
Should Continue

We believe stocks will deliver mid- to high-single-digit returns in 2015, with a focus on earnings over valuations. We believe 3% economic growth, benign global monetary policy, and a more favorable policy climate from Washington indicate that the powerful, nearly six-year-old bull market should continue.

Historically since WWII, the average annual gain on stocks has been 7–9%. Thus, our forecast is in-line with average stock market growth. We forecast a 5 – 9% gain, including dividends, for U.S. stocks in 2015 as measured by the S&P 500. This gain is derived from earnings per share (EPS) for S&P 500 companies growing 5 – 10%. Earnings gains are supported by our expectation of improved global economic growth and stable profit margins in 2015. We expect stocks, not bonds, to be the precious cargo for investors in 2015.

The coming year will be one marked by transitions. Cycles that are in transition can cause potential fluctuations and volatility even if they have historically provided solid stock market performance. The most important cycle, the economic cycle, is unlikely to reach a recession destination in 2015, positioning the stock market to potentially offer up solid gains to investors. In fact, since 1950, in years during which the U.S. economy does not enter recession, the odds of a positive year for the S&P 500 were 82%, with an average gain of 11%. Recessions do not run on a set schedule and are difficult to pinpoint in advance, but our belief, based on our favorite leading indicators for the economy, is that the probability of recession is very low and stocks could potentially send investors solid returns in the coming year [Figure 1].

Read Full Report here Weekly Market Commentary 12012014


economic 1212014

Weekly Economic Commentary

U.S. Economic Growth Picks Up

Overseas, policies already in place — and those that we expect to be enacted over the course of 2015 — are likely to be big drivers of global growth. We expect the U.S. economy will expand at a rate of 3% or slightly higher in 2015, which matches the average growth rate over the past 50 years. This forecast is based on contributions from consumer spending, business capital spending, and housing, which are poised to advance at historically average or better growth rates in 2015. Net exports and the government sector should trail behind. As the economy continues to grow at a moderate pace in 2015, we expect this expansion to potentially take us into 2016, where we could likely find tightening labor market conditions and a rising fed funds rate.

The United States is in the middle stage of the economic expansion, presenting investment opportunities and risks for investors. While the U.S. economy has grown over time, the growth has not been in a straight line. The variations in the pace of growth around the long-term trend are called economic cycles. Economic cycles have four distinct stages: recession, early (recovery), middle (mature), and late (aging).

By historical standards, the economic recovery that began in mid-2009 has been by far the most tepid recovery on record, with GDP through third quarter 2014 just 11% above its 2009 trough. In all recoveries since the end of World War II (WWII), the economy expanded 24% on average in the first five years of recovery. The current recovery even lags the last three (beginning in 1982, 1991, and 2001), which we believe are the most comparable. Five years into those recoveries, the economy stood 16% above its recession lows. The pace of this recovery thus far has lagged behind those prior in each of the major GDP categories [Figure 1]. Read the Full Report here Weekly Economic Commentary 12012014

economic 1212014






Market image 111914

Weekly Market Commentary

Emerging Markets Opportunity
Still Emerging

The S&P 500 Index hit another set of fresh record highs last week (November 10 – 14, 2014) and has achieved the midpoint of our total return forecast (10 –15%) for the year with a 12% return year to date. While we continue to recommend keeping the majority of equity allocations in the United States, as we have for a while, we think it is a good time to look at opportunities that have lagged behind the strong U.S. stock market and may have become attractively valued, possibly setting the stage for a reversal. One such area is emerging markets (EM).

It has been another tough year for EM equities. The MSCI EM Index has returned just 1.4% year to date, far behind the S&P 500 (though MSCI EM Index has outpaced the developed foreign benchmark, the MSCI EAFE Index, which has returned -2.6% year to date) [Figure 1]. EM have struggled for many reasons, including but not limited to lackluster earnings, Federal Reserve (Fed) tapering and the subsequent end of quantitative easing (QE), related concerns about current account deficits due to trade imbalances and borrowing abroad, geopolitical unrest in Ukraine and the Middle East, the drop in commodity prices, a strong U.S. dollar, and growth fears in Europe and

Market image 111914

China. So with all of those challenges facing investors, is it time to buy EM? To answer that question, let’s look at fundamentals, valuations, and technicals.

Read Full Report here Weekly Market Commentary 11182014

Economic image 111914

Weekly Economic Commentary

Japan Check-In: Will the Weak Q3 GDP
Reading Draw a Policy Response?

Japan reported a 1.6% annualized decline in real gross domestic product (GDP) in the third quarter of 2014 over the weekend of November 14 – 16, 2014. Policymakers in Japanese Prime Minister Shinzo Abe’s government and at the Bank of Japan (BOJ), as well as most market participants, expected a solid gain in GDP in Q3, not a decline. The consensus of economists polled by Bloomberg News was looking for a 2.2% gain in GDP in Q3, after the Japanese economy contracted more than 7% in Q2 2014 in response to a big value-added tax (VAT) increase imposed in April 2014. (We’ll discuss the VAT in more detail below.) As a result of the unexpected decline in GDP in Q3 [Figure 1], Japan’s economy has met the unofficial definition of recession (i.e., two consecutive quarters of negative GDP) and has entered its fourth recession since 2007. How long Japan’s economy remains in recession — and more importantly, the policy response to the latest recession — may help to determine the trajectory of global growth in 2015 and beyond.

Economic image 111914
Japans Economy has entered its Fourth Recession since 2007 and awaits a Policy Response

The Consumer Disappoints

Consumer spending, which accounts for 60% of Japan’s economy, rose just 1.5% in the third quarter, after the VAT increase led to a 19% drop in consumer spending in the second quarter of 2014. Most market participants — and probably the BOJ and the Abe administration — expected…

Read the Full Report here Weekly Economic Commentary 11172014