2004 September Issue

SEPTEMBER 2004
1st Annual Overview of
Select Industry Segments

FEATURES

A Ticket to Ride… Business Aviation Finance Promises Chills & Thrills
By Joseph J. Dini
In the following, Joseph Dini of Merrill Lynch Capital's Business Aviation Group shares what he loves most about the business. Like a ride on a roller coaster, he loves the thrill of the twists and turns and the knowledge that after every downturn, there will always be a recovery. (Ref # AIR034)

The Sky's the Limit… Aviation Industry Prepares to Take Off
By Ed Bolen
General aviation manufacturers see 2004 as the year of stabilization for the industry with a period of sustained growth to follow. It is anticipated that manufacturers will also continue to meet customer demands by introducing new models while new ownership options will bring private air travel to more people and companies. (Ref # AIR035)

Bonus Depreciation Temporary Regulations: Pleasant Surprises for Business Aviation
By Edward H. Kammerer
The recently enacted Temporary Regulations that clarify the Bonus Depreciation benefits provide some powerful incentives to purchase new aircraft. These benefits come in several forms and may be used by many types of owners. (Ref # AIR036)

Trucking Industry Poised for Growth, Says Bank of America
By Wilson Cross
Veterans of any conflict have certain advantages, not the least of which is that they have seen a few battles and survived. The trucking industry over the last few years has produced many such veterans who have - despite adverse conditions - pulled through and begun reaping some of the rewards. (Ref # TRU009)

Like-Kind Exchanges: Lessors Can Reap the Benefits in 2005
By Edward J. Vanderslice and Brent C. Abrahm
The like-kind exchange can prove to be a valuable tool for any equipment leasing company that is the tax owner of the financed asset. While the like-kind exchange does involve a degree of complexity, the long-term benefits of a properly structured program can clearly outweigh its costs. (Ref # TAX054)

PayNet Trend Data: New Business Origination & Delinquency 2000-2004
Recently released PayNet trend data covering the period of 2000 to 2004 show consistent quarterly growth in new business origination while the delinquency information indicates improved credit quality across all lessors and major equipment categories. (Ref # TRE068)

Time to Rebuild: As the Machine Tool Industry Recovers, Lessons From the Past Still Linger
By Kenneth F. Rector
Over the span of the last ten years, the machine tool industry went through the pain of a major shift in supply and demand. The good news for the businesses that survived is they are now better positioned to experience growth and profitability. (Ref # MAT002)

The Clock is Ticking… It's Your Move
By Clark T. Smith
Clark Smith, chairman of the American Machine Tool Distributor's Association, shares his views on what machine tool manufacturers and their customers can anticipate as the fourth quarter approaches. (Ref # MAT003)

Industry Rebound Calls For Sound Lending Practices and Discipline
By Paul R. Sinsheimer
The construction equipment industry is showing signs of improving - demand for new and used equipment is increasing. In the following article, Paul Sinsheimer of Financial Federal reminds us of the role that sound lending practices and discipline play in achieving the desired outcome - in good times as well as bad. (Ref # HEL006)

Equipment Dealers See the Glass as Half Full… And Soon To Be Brimming
By Stephen Young
If you want a dose of good old-fashioned American optimism, spend some time talking to folks who help run construction equipment dealerships. For them, things have gotten better already, and the best is yet to come. (Ref # HEL007)

COLUMNS

CAREER MOVES
Looking For Work Can Be a Full-Time Job
By Jim Pawlak
Every job has a description — a statement of what the skills the jobholder must have and tasks an individual performs. Looking for work is a job. Therefore, it to must have a job description. Here are the skills every job hunter must have. (Ref # JBS084)

LEGAL WATCH
All May Not Be Lost… When Creditors Fail to File Proof of Claim In Bankruptcy
By Andrew K. Alper
The purpose of this article is to discuss two separate issues and problems a creditor may have when a bankruptcy petition is filed but the creditor fails to file a timely proof of claim. (Ref # LGL1030)

DISPATCHES FROM THE TRENCHES
Dead Cats & Broken Feet: Breaching the Peace Claims
By Kenneth P. Weinberg, Esq.
This issue discusses how a big-time breach of the peace (think dead cat and broken foot) does not constitute a trespass but may give rise to a cause of action for wrongful repossession; the enforceability of forum selection clauses in the face of fraudulent inducement claim; and Article 2A “finance leases” in action. (Ref # LGL1031)