You are confused about inflation, interest rates, recession—your job. I’m not going to act like the Wall Street economist who knows less than nothing, but proclaims there is a 10% to 90% chance of recession to justify their million-dollar paycheck.
I’m going to tell you what is going to happen over the next year. Give me a grade next July 4th when the fireworks go off.
***
By Noah Graff
Today’s guest on the podcast is Matt Wardle, owner and President of JD Machine Corp. in Ogden, Utah. JD Machine currently produces around 4,000 active part numbers, serving a diverse group of sectors, which include aerospace, defense, and medical.
Matt says he sometimes envies other machining companies who have a more narrow focus on the types of parts they produce because it simplifies their operations. Yet, he insists that producing a diverse group of parts is the best path for his company to have longterm success.
By Noah Graff
Our guests on today’s show are Michael Ottenweller and Terry Hanson, of Ottenweller Company, a medium-sized fabrication and machining company headquartered in Fort Wayne, Indiana. Ottenweller is a 108-year-old fourth generation family business. I spoke with Michael and Terry about how a family business can grow and thrive for over a century and continue to find new quality talent.
I wonder. How many people in the world do I already know who I’m missing out on doing great things with?
The used machinery business is quite good lately for Graff-Pinkert, though I’m probably jinxing this prosperous period by saying that. Sometimes I ask myself how I have contributed to make these deals happen. I know that sounds like a comment from a business person lacking swag, but it’s good to ask oneself why things are working while they are working. It often seems like we luck into our best deals. We just happen to serendipitously find the one person in the world looking for a legacy Hydromat HB45-12 or an INDEX MS42C CNC Multi-Spindle Mfd. 1999.
Getting lucky—finding that one guy (or woman) who wants to buy our machines—I think can be attributed to our customer network as much as anything. It sounds crazy, but I think at least 50 percent of the deals Graff-Pinkert makes include at least one party who we already have a past relationship with. We have relationships with a colorful cast of characters around the world, comprised of dealers, end-users, and auctioneers. A lot of these people I’ve really gotten to know well for many years, and I regard them as friends. We talk on the phone often, and they actually seem to genuinely care when they ask how my newborn son Abe is doing.
By Noah Graff
Tyler Jarosz sent me an email about a month and a half ago to ask if Graff-Pinkert would be interested in a used little parts washer he no longer needed in his machine shop. He found out about Graff-Pinkert from listening to Swarfcast, which I’m proud to say is the only podcast he has ever listened to.
By Noah Graff
Our guest on today’s show is Steve Tamasi, owner and CEO of Boston Centerless, a distributor and manufacturer of ground bar stock. I asked Steve why there is such a shortage of raw materials for precision turning manufacturers and what companies can do to deal with this problem. We also talked about how the war in Ukraine is affecting metals prices. What is pig iron, anyway?
Star ECAS-20 CNC Swiss Lathe
Mfd. 2010
SN: 0601 (46)
20mm Capacity
Siemens control
With IEMCA Loader
Counter-face gang type tool post
Turning Tool: 6 Tools
Front-end working stationary tool: 4 tools (back end tool post)
Rear-end working stationary tool: 2 tools (back end tool post)
Power-driven tool: 6 tools
4-Spindle Back Working Unit
Stationary tool: 4 tools
Please visit www.bcbsil.com to access machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.
