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Briggs and Stratton CEO Todd Teske weighs in on the state of business and his biggest concern about the fiscal cliff.
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Okay we're back here to talk about the largest producer gasoline powered engines in the world saying it's poised for strong growth only.
If we can get past this looming fiscal cliff at the end of the year Jeff Flock joins us from the company in Wisconsin with much more hey -- I wanna ask Todd -- gauge just how worried he is about fiscal cliff but first -- want to show you one of the things he makes.
This is a large -- standby generator you know we talked it.
-- -- a couple of weeks ago this market has taken off the Briggs & Stratton -- Much more diversified and not the folks at general act you make a top -- lots of different engines -- help expand it lawn -- it's an amazing.
Figure thanks for joining us how worried are you about.
Fiscal -- right.
Well if you consider with the best of -- ultimately is what happens -- the housing market when you look at our business.
It's driven by a number of things including housing bubble existing home sales and new housing starts what did you think about today's numbers finally.
Hi -- well today's numbers -- the -- I would say encouraging they weren't maybe as good as I hope -- would -- but certainly encouraging.
-- -- -- the sandy and everything else we're encouraged with housing going forward what is your biggest fear about fiscal clip that we get a deal.
That we don't get a deal or that we get a deal that you would find not.
Got my my biggest concern is really a deal that does something to put us and there are some sort of recessionary impact the housing market.
If that's the case it becomes very traveling on the other hand -- idea that.
-- housing in the US display is the only that drives our businesses other things as well we've been working on geographic diversification.
Do a lot of different things the market likes your stock right now because of these changes you've made diversifying you see big growth and in emerging markets.
We do see good big growth in emerging markets what you look at some of these developing economies.
Between agriculture and infrastructure spending and everything else.
We think that there's a lot of opportunity places like result we just that a deal closed and a deal last week.
Donna Brazil for -- construction equipment company that makes very small.
You know export goods using construction but one that's -- -- be a fast growing market for us we got big snow -- and then finally in the midwest.
That was a huge factor I mean you've got -- you rely on the weather -- well we do in the weather does have a tendency to drive the business.
In two ways one is obviously was no stars people -- Snow throwers who -- the big storm coming through the midwest here.
Probably tomorrow sometime.
The other thing is obviously power generation.
Yeah I'm young I'm just say that's been a lot of people thinking about that right now these old standby generators.
Big business this is a world -- I think they'll power generation when it comes to -- -- and portable generation guys.
Nice to talk to -- -- we'll have him later in the day as well.
Jeff thank you so much of that Jeff -- in Wisconsin now.
