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Generac CEO Aaron Jagdfeld on efforts to ship generators to the areas affected by the hurricane.
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Let's of their worst problems we know that we're just trying to give you sort of anecdotal evidence of each stock that we talk about but there's no at a total of answers hard fact here on this next one.
How many people after hurricane sandy will be saying.
I have got to get a generator next time but here's a massive issue that many of us have seen develop.
What good -- gasoline powered generators if you run out of gasoline okay three point six million homes and businesses along the eastern seaboard many of them gasoline stations.
Are still without power following the devastating blow hurricane -- -- the demand is huge.
General rack is a leading manufacturer of generators it has ramp up production and shipping.
To try very hard to meet the needs of people affected -- -- -- felt as the -- Jenner ex CEO he's with us live from Wisconsin.
A couple of issues I have to get to with you -- but first off.
Argue able to ship a bunch of generators more so than ever now or is that gasoline issue for trucks a problem getting these new generators into our area.
You know it it's it's both getting logistics taking care of in terms of fuel for trucks but also just getting the trucks through a lot of cases.
Just getting into -- metro areas is still very difficult and some of the areas that are hardest hit -- these generators are needed to.
We're having a hard time getting getting the product moved into those areas are doing our best we shipped a lot of products before the event actually had to.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Trying to do what they could suited to protect themselves but after it -- -- just been it's been difficult.
Do you specialize in gasoline powered generators natural gas liquid natural gas.
We specialize in it all kinds whole virgin or use alternative fuel but you obviously during a storm.
People run out -- they try to by eight in -- gasoline powered portable generator from up you know.
One large big box retailers and the problem is that first of all there's a scarcity issue that they run into but if they're lucky to define one's.
We typically see this same type -- pattern repeated in areas of major wholesale damage like this -- the gas stations are.
Unfortunately a lot of them are backed up themselves and so finding gasoline if you weren't.
If you didn't have you know the foresight to go ahead -- -- up you know -- -- of gas -- ahead of the event and -- just don't have the capability of doing that.
The kind of stuck with your portable generator in terms of not having a fuel so.
We have seen a huge shift over the last you know -- five to seven years for people that are going west.
-- -- backup power which run off of national cancer LP because they don't have that -- issue.
Should of done that okay so we thought we were all prepared we -- a couple of I mean to.
Little gas cans filled the two did generator was filled but now -- staff down and I'm panicked and boom there's no gasoline anywhere so.
How how would a natural gas -- work for one of these generators where do you get liquid natural gas to fill.
So -- -- -- -- going against your homes -- -- you have a service to your house these things are permanently installed outside your home they sit there waiting for for power -- fully automatic you don't actually -- to be home with the power goes out these generators are we we column home standby generators it's a brand new category product how much there.
They've run anywhere they can start under 2000 dollars that they run as high as shield for 5000 dollars depending on the size of home -- trying to back up.
Sorry what's the lowest priced below starts at 18100 dollar 18100 dollars and and that powers what your -- you're you're -- -- Europe might see.
Exactly what each of the basic and give us some popular for generator if you do have you know your television Internet service those types of things as -- entry level product but they can go as big as you know before 5000 dollar -- out -- all home.
-- calls are you getting right now I don't talking obviously you would hear from residential customers but what about a business customers.
I would say you know commercial the big commercial buildings.
That we we manufacture -- to those installations as well hospitals and I don't wanna call centers waste water treatment plants commercial concerns so we you know we obviously have a a very broad installed base of product out there -- the calls we get today are you know if it's it's people asking about.
You know they've got to questions about maintaining their generators now been running for almost seven days -- cash be doing with their product.
-- -- they're running it continuously but the questions quickly turn many of the calls are getting today or how can I find one.
How well will your stock is doing very well on this here just about 33 cents below your 52 week high for -- direct to ticker symbol G and that.
Our C and I know that that that is not sort of first and foremost -- -- times like this you guys are coming through.
Great to talk to Aaron we truly appreciate you taking the time to come on I -- it's been a busy time for you.
It has and thank you very much -- and we wish everybody the best out there.
Okay thank you Arabs and Wisconsin actually -- -- -- cataract he's in Wisconsin trying.
-- -- -- to get a whole lot of generators they're but the trucks that carry them they want to run.
