Barker on the Mohawk, Raw Material Prices and the Market
October 2, 2005—Mike Barker, Investment & Retirement Management discusses Mohawk’s announcement last week to lower its 3rd and 4th quarter earnings guidance, the result of the affects of Hurricane Katrina on raw materials and energy costs, and why the market reacted as it did to the news. Barker talks about Mohawk’s announced price increase, and offers an update on the prices of oil, gasoline and natural gas and discusses the long and short-term implications. Plus, Barker looks at the affects of wide-spread price increases on inflation and the Feds likely reaction to these affects.
Related Topics:Mohawk Industries