Homepage
PR Newswire
13-04-2015, 02:59 PM
This afternoon, Fischer has hit a new recent high of $0.181. Looking at the queue, there are so many more buyers compared to sellers.
I wonder if there is a chance that Fischer would hit its previous 5-year high of $0.205 achieved on 19Apr2010 soon? With oil prices that low, I guess soon or later prices of plastic resins - the key raw material for Fischer's plastic components manufacturing business - will fall by a big margin, and this will translate to quite substantial cost savings to Fischer and other plastic components manufacturers, which hopefully would lead to a few years of good profitability for them. The recent rise of the USD - commonly used in the contract manufacturing industry - should be a boon for Fischer and other plastic components manufacturers as well.
I wonder if there is a chance that Fischer would hit its previous 5-year high of $0.205 achieved on 19Apr2010 soon? With oil prices that low, I guess soon or later prices of plastic resins - the key raw material for Fischer's plastic components manufacturing business - will fall by a big margin, and this will translate to quite substantial cost savings to Fischer and other plastic components manufacturers, which hopefully would lead to a few years of good profitability for them. The recent rise of the USD - commonly used in the contract manufacturing industry - should be a boon for Fischer and other plastic components manufacturers as well.