NEW YORK (TheStreet) -- Ansell CEO Magnus Nicolin tells TheStreet's Gregg Greenberg that his company is a good way to measure the strength of the global economy.
The company is a maker of rubber materials, particularly gloves for surgeons, industrial workers and firefighters. It is the top producer in the world for industrial hand protection and the second top producer of surgical gloves.
Although the company is based in New Jersey, its stock is listed in Australia. But it hasn't always been that way.
Because of low trading volume and the company's relatively small size, Nicolin said Ansell delisted its stock in the U.S. and moved it to the Australian stock exchange. Now that the company is larger, he said it would consider a move back to the U.S. exchanges, although he said he prefers the semiannual financial reporting in Australia over the quarterly reporting in the U.S. Nicolin went on to say Ansell's industrial business was doing the best among its divisions. It has been helped by improving auto and housing sales in the U.S. and an economic rebound in Europe. Because of its global presence in industrials, the company's sales can act as an indicator for how well a certain region is faring. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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