THE SOCIAL BENEFITS OF TOY LIBRARIES IN AUSTRALIA 2019 Research Report the Social Benefits of Toy Li

W e rst asked respondents to provide a story when their TL supported a family during an emergency . A total of 35 respondents provided a story of support. See T able 1 for a For example, one TL supported a family with a free membership and toys when their house was burnt down and they lost all their belongings. In fact, one TL was started after a community established after the Ash W ednesday res to support families who had lost their homes and possessions including toys." Often these stories described situations where the family was in need of emotional support as they experienced an illness or the loss of a loved one. For instance, one story described an immigrant family where the father had recently died. Here, the TL coordinator described the emotional support provided to their "I wrote her a letter about all that I r emembered about her lovely husband. I spoke of his kindness and generosity for he always offered to volunteer or x things for us and I could see how much he cared for his family . I delivered this letter to her along with some small toys that her son to keep and encouraged her to try and keep visiting the toy library for support. She did return after a month or two, she did break down one day when her son was crying and I did my best to comfort her and see that she was ok." Many stories described situations where the family was experiencing nancial hardships. In these circumstances, the TL supported the family with a free membership, but the support might also take other material forms. For instance, one story described a woman whose husband had left her and she was trying to raise two children on her own. She was also struggling as she did not speak English and did not have family close by to assist her . The TL provided nancial and "Our T oy Library was the rst connection point for this woman to be heard, supported and empower ed. W e gave her a free T oy in the form of a bungalow , assisted her with completing welfare forms, had the local grocer pr ovide her with a gift voucher to supply fresh local pr oduce, and helped with childminding when Stories also described situations where parents were feeling overwhelmed by the stress of raising small children. In these situations, the TL often provided emotional support and directed the parents to services for additional support and information. For "W e have many parents over the years br eak down at the toy library when everything has gotten on top of them. W e have had parents distraught because their child is not developing as expected or they are not coping as they expected, in some cases, they are living far away fr om family. Often one of our volunteers sit with them and listens, and, where appr opriate, guides them to other support services. W e nd many parents just ar e not sure where to turn and today have less contact with other par ents, so nd it hard to get rst-hand information fr om others. W e have In this section, we present the ndings from the qualitative questions in the survey . These responses paint a more complete picture of the type of support provided by TLs to their members.

Many learn that they do not need to own toys and learn the benets of the variety of toys available to them and the developmental as hub organisations in their organisations that are well connected and support others in the nd in our results that many of the TLs have relationships with other events. Also, through these heavily on volunteers, who serve as and their ability to access social comfort and leads an individual to believe that he or she is admired, respected, and loved and that others are available to provide overwhelmed by the stresses of and parents can meet and share advice and provide each other groups, such as new immigrant As these parents are often socially isolated and from different role in connecting them to other members of the community and through their involvement in volunteering at the TL.TLs also understand his or her world and adjust to changes . Many TLs However, other TLs take a more that the TLs fosters to other support, which are the goods and support members in need by as offers of food, toys, or lack of space in their facilities. the members most likely to volunteer are the parents who feel most strongly the social benets of TLs. For example, these parents because they enjoy the benets of a these members, in particular, to encourage them to volunteer and deepen their engagement with the Second, although TLs attract both For example, toy shops might be exchange for the opportunity to

or Men' s Sheds for services, such as help building display shelving or parents and the chance for TLs could also use the results of this study , which highlight the of TLs. These ndings could be used to justify the importance of from governmental and non- Third, many TLs have limited space for their toy collections. In solutions to these problems were location. For example, one TL stated that they had now started renting of "Actriv", which is a space allows the TL to display their "toys neatly and easily in the one Another TL had redesigned the from, or novel methods of storage, communicate their solution to other attract new members, especially as children age and no longer nd the can be expanded to include new toys, such as robotic and coding toys, as well as toys that are children, such as board games and TLs are more attractive to families when the barriers to access are Across all of these challenges, the individual TLs represent one of the shared both their successes and with their guiding ethos of sharing, we suggest that these lessons within the community. TLA has an success stories that could be imitated or even scaled up in TL members should also be encouraged to share failures so that other members can avoid these mistakes within this safe culture of funding and other ideas to spread For example, if TLs share information on all their community partnerships, this could help other In T able 8, we provide a snapshot of the major challenges faced by also provide suggestions for how to

9. Approximately how many active committee members do you have? In this section, please provide us with some information about the 10. Approximately how many members does your toy library have? 11. Approximately how many children does your toy library serve? 12. T o what extend does your library serve the following groups in your - Immigrants (e.g. those who were not born in Australia) Do you have any programmes to support potentially at risks groups - Y es, please answer the next question - No, please skip the next question 13. Can you please describe the programmes you provide to support 14. Approximately how many toys are in your collection? 15. How many community events are organised by your toy library each 16. Approximately how many community events does your toy library 17. Do you hold stay and play sessions? 18. How often are this stay and play sessions held? Sharing Stories of Impact, More than Just T oys! In this section, please share stories about how your toy library has helped an individual member or family . Please feel free to share as many stories as you like-these stories can be long or short. (Please do not use the names of individuals and remember these stories will be kept anonymous and will not be linked to your toy library). 19. Please share a story when the toy library was a family' s rst responder during an emergency (e.g., family illness, job loss, etc.). 20. Please share a story where the toy library provided social support or 21. Please share a story where the toy library helped a family with 22. Please share a story of what children learn or how children benet 23. Please tell us about a major challenge your toy library has faced in 24. Please tell us about the most signicant change you have made at your toy library in the past year . 25. Why was this change signicant? In this section, please tell us about the other support you provide 26. How often do you or a member of toy library staff talk to your - How toys are best used for child development.

We just bought our dog a new toy and now she is protective of it just like if it was her own pup, why?

All living creatures have a favorite, no big deal. Can you take the toy away from her when you choose? If so no big deal, It is really her "baby" just as my animal shelter dog has her "baby" (toy) and we play and play with her "baby". I ask her to go get her "baby" and if she wants to play she gives it to me, if not, she lays on the floor by my side with it. After your dog knows no one will steal her new "baby" she will again be sociable. Of course, we alll know about dog packs and so forth but dogs are human companions and friends and should be treated as such. To quote a psychologist who uses dogs in therapy: We love and enjoy dogs because they take us back to our most primitive and simple life.

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What Did I Find in My Backyard?
That's hard to tell without being able to see it. You should take it to a shop that specializes in identifying this type of stuff. Some colleges have departments that will do it for free, you can also do a search in Yahoo or your local yellow pages for help in finding a place.1. There was a snake in my backyard?Their are many different species of snakes in florida. If it was found in a woody area then it is probably a water moccasin or cotton mouth or a type of viper. If it was found in a water area then it is either a water snake or most likely a cotton mouth or water moccasin.2. Any pointers for fishing for backyard tarpon?live shrimp, live crabs and live baitfish such as Pinfish, Mullet, Pilchards and Squirrelfish. you can bait it many ways. if done very well ion the past using live mullet. peirce the fish on the back about 11/2 inches from back fin in the fatty part. keeps the fish alive and allows it to swim. attracts the tarpon pretty well! Good Luck3. Injured rabbit in backyard help?Google "rabbit stew"4. Best way to practice golf in the backyard?Take practice golf balls (look like golf balls only hollow) and drive them against a shed/ Garage ect5. Can I grow mushrooms in my backyard?The rain or heavy dew is what allows the fertilization of the mushroom so they will reproduce. They grow in the dark and shaded areas. Find the mushrooms you want to grow and put them in a manure mixture keep them damp and they should multiply. The mushroom's job is to break down organic matter. There are many type of mushrooms and toadstools, some are poisonous, some delicious, and some hallucinogenic6. Backyard storage shed for Houston weather?I am originally from Houston and you are right about the humidity. Humidity is only good for your skin and your flowers. I would go for the vinyl. The wood would eventually rot because of such much humidity. I do not know if vinyl or wood either one would protect the furniture though just because the humidity would probably build up over the years and do damage to it. Just be sure to check on the furniture now and then to make sure it's not molding from the humidity. You can easily wipe it off. You might have to do that through the years. Since you have to have some kind of storage though [ everybody needs extra storage] I would still go with the vinyl.They have some really cute storage buildings now. You could plant some flowers around it and put some stepping stones to it from your house. You could make it look like a tiny house. That would be so cute. It would make your back yard look cuter too7. Is it possible to get our dog to stop digging in the backyard?If you get a solution please let me know. We own a beagle mix mutt and he's always digging up the yard8. What makes up the perfect backyard???CHICKEN FECES !9. Is it illegal to kill a squirrel in my backyard?since squirrels carry diseases I cannot imagine there is a law prohibiting killing them within city limits10. Should I try panning the dirt in my backyard?What have you got to lose?11. what's with all the backyard breeders in this world.?I am a supposeably backyard breeder I guess as I breed AKC Shelties with champion lines.I dont have a kennel and all my dogs live in my house and have their puppies inside with me , my husband and another friend in attendance who also raises dogs..My dogs are all kept current on all shots and vet visits and checked while they are pregnant. They are fed puppy food while pg and all are given vitamins all time.My vet is called when they are gettint close to make sure she will be available and if not recommend another and then I talk to them but so far that has not happened.When my dog goes into labor I call my vet and let her know in case something happens and I need to take her in and that has never happened thank goodness. We never have an unattened birth and we help if necessary and keep our Moms calm.After the pups are born one of us is awake around the clock for at least 3 days to make sure they are all doing ok.They are all taken in for a vet check after they are born,and to make sure mom is ok too. Yes I was very inexperienced when I started but I studied And picked everyones brain that I could.Even yet when labor starts I have my books out and my birthing notes and read and reread while we are waiting.Im not in it for the money believe me and sell most of my puppies with a spay and neuter contract and I do not sell to kennels and have to really talk to the people before I will sell to them. I have been known to give pups to disabled or some special needs but only if they can afford to take care and keep all shots,heartworm,flea and tick meds up..I dont let my pups go untill after they have had their 2nd shot,and I start worming at 2 wks and continue every 2 wks .My babies are all vet checked before they are sold and are given a health guarantee. I can give refrences also. Im always available after the puppies go to their forever home if they need me or I can help in any way.i always call back to check to see how they are doing because I do care and love everyone of my babies.They are very social.and loving babies.SO you see all so called breeders are not bad but some give all of us a bad name. I also have an acre yard that is fenced so my dogs have plenty of room to run and play and my house is kept very clean even though my dogs live in our home. We do love our dogs a lot
Can a Vicks Cool Mist Humidifier Cover Up Weed Smell If Blown Into?
v3100 seems like it would work. For an easier/cheaper solution, stuff a cardboard tube from a toilet paper roll with a couple dryer sheets. Blow into that while in a room with a fan on, the window open, and a towel wedged into the door crack. This method worked very well for me at a friends house in high school. However, the best thing to do is just not smoke weed in the place that you are renting1. warm or cool mist humidifier for colds in the winter?My surgeon cautioned a funky mist for the comparable reason the different answerer reported. heat breeds germs, whether it could additionally burn a infant in the event that they by hazard get too close. I additionally went to my community well-being nutrition save and gathered "Olbas Oil" to function. you put in a pair of drops and it smells like mint. It opens up nasal passages and clears up colds2. what is the difference between a cool mist and warm mist humidifier?I assume you mean other than temperature? Warm mist is steam, cool mist is sonically created mini water drops. Steam leaves minerals behind, cool mist still has minerals in it. If you line in a "hard water" area you will have lost of white, possibly gritty, dust from cool mist, but warm mist will mean more cleaning the heater with vinegar.3. Cool Mist Humidifier or Warm Mist Vaporizer for baby?I think cool mist is better. There is no greater risk of bacterial growth. In fact the warmth incourages becterial growth and either needs to be cleaned daily. There is no risk of burning and I dont knwo about anyone else, but I find it easier to breath in cool air then warm air. Warm air is very stuffy and makes me feel more congested. If I have a cold nothing helps clear my sinuses better then stepping out into some cool air4. Vicks vaporizers: Steam or Cool Mist?I believe it is a humidifier, you can find it at Target5. What is the difference between a cool mist humidifier and an ultrasonic humidifier?"Some people are very noise sensitive. For those people I recommend a Air-O-Swiss ultrasonic humidifiers, even their cool mist humidifier is exceptionally quiet." "People who like cool mist humidifiers live in warmer climates, because the last thing they want is to warm the place up a few degrees. If you live in a colder climate, the cool mist humidifier could feel a trifle clammy if you over-humidify the room." Totally up to you if you want 2, but I think you only need one =)6. Is there a way of cleaning cool mist humidifier - "filters" ?"CLR" I assume. Cleans the hard water deposits in mine but I dont have a 'wick' filter7. Using a humidifer for colds, etc?Yes. I find that cool mist works a lot better with my son. We have the Crane cool mist humidifier (frog shape) & it helps with the stuffy nose & cough8. which is better.. cool mist humidifiers or warm vaporizer? whats the difference?the warm works better the cool just brings out cool air9. Cool mist humidifier in baby's room?i understand how you feel. its not your fault.babies get sick do not be to hard on your self10. What are Cool Mist Humidifiers used for?For adding moisture to a dry atmosphere11. What are the pros and cons of a warm mist humidifier versus a cool mist humidifier for relieving breathing issues while sleeping?I prefer air filters but they may cool the air a little like a fan . I think humidifiers take a little to much electric power so I do not have one. I know sometimes their may be paint, or smoke or dust so air filters are a must . Do not forget to use the filter and consider a respirator for the dust and fumes of woodshop. Whenever their is a forest fire or windy day dust and smoke can be a concern factor. Use the air filter and cut down the pollution. They are worth their money.12. I have emphysema, I want to get a humidifier for my bedroom, What is better warm mist or cool mist?There are reasons why one may be preferred over the other and you may actually do yourself more harm then good by using the wrong one
What Is a Cheap Laptop with AWESOME Battery Life?
What is a Cheap Laptop with AWESOME battery life?this is just me...but you can get a macbook for fairly cheap. apple.com. there amazing and they have about 7 HOURS battery life. and they look sooo amazing too. idk if they fixed all the problems with Vista but OS X 10.5 Leopard is amazing. they have a word processing application too:) but its totally your choice man. Good Luckk:)— — — — — —Roboreptile, How long is the battery life in a roboreptile?thats pretty redundant.... idk!— — — — — —How is wristwatch with 10 years battery life possible?Perhaps those watches use some kind of energy harvesting system to recharge a rechargeable battery?An automatic quartz watch has an energy harvesting mechanism that, like a mechanical self-winding watch, pulls small amounts of energy from the day-to-day motions of the person wearing it.A solar-powered watch uses a tiny solar cell to pull energy from ambient light. (Even indoor light, much dimmer than sunlight, is adequate to keep the watch running).I hear that such watches typically run normally for a day or so when cut off from outside power (taken off the wrist, put in a dark room, etc.). Then they enter low-power state where everything is turned off except internal timing -- the LCD display goes blank, the hands stop. The watch has a power reserve that can keep internal timing going for at least a month; one manufacturer claims it has watches with a 4 year power reserve. Then when you pick it up and shake it, the battery starts to charge up, and the "hands will magically spin to match the current time." ( a ).Are you looking for detailed information on how it's possible to build electronic devices with extremely low power consumption? Then you might enjoy reading Jeelabs's notes on low power electronics ( b ). One JeeNode has run for over 2 years on a single battery charge (charged on August 21st, 2010; still running and continuing to count on Sep 15, 2012). ( c )Or are you looking for techniques to keep a battery from failing prematurely? While recharging a battery many times over 10 years is "easier" than trying to get a primary cell to last 10 years, it does not make it "easy". I've bought new rechargeable batteries for several consumer electronics devices when the original rechargeable battery went dead in less than 5 years -- not merely drained, but completely dead. (What makes this especially frustrating is when 5-year-old equipment uses batteries that are some special shape that stopped production years ago and are now unavailable, and I suspect all the shiny new oddly-shaped batteries will likewise be unavailable in 5 years.). How to keep batteries from failing prematurely would make a good separate question -- I wish I knew the answer.— — — — — —MacBook Pro battery life question?The advertised battery life is never equal to real battery life. Just leave your Mac plugged in all the time. I've been doing that for years. Many people never turn theirs off. Set your computer to shut down after 30 minutes of non use. I turn my MacBook Pro off about two nights per week just for the heck of it. I have friends who never shut down. Mac gear is great gear. It can withstand a lot of stress and has a good surge/spike protector built in— — — — — —Phone battery life and internet?The more you charge a battery, the faster it drains. My suggestions are to use a new battery or only charge it when it is completely or almost dead. Cell phone batteries should be replaced every year.— — — — — —Why is battery life still a weak link in laptops today?1) Longer battery life will make the laptop bigger and heavier, but people need it be smaller and light weight. 2) yes the battery is the worst part in laptop, some pc makers no longer provide the parts thus you have to buy their NEW laptops. I had an old expensive Alienware laptop but no where to get the primary battery. 3) The battery technology is not perfect, even the Apple's gadgets caught fire. and airplanes not allow battery capacity over 100Wh, In fact there are only few battery powered(Electric) cars on the road. btw: the smaller display computing devices last much longer, Li-po batteries performs much better than Li-ion batteries. and some laptops come with slice sheet battery optional.
Energy Efficient Room Air Conditioners
If you only need to cool 1–3 rooms in your home, a room air conditioner may be your most economical choice. Because you are only cooling part of your home, energy cost can be controlled. To optimize the performance of your room air conditioner, select an energy efficient model that is properly sized for the room you are cooling. EER — The Energy Efficiency Ratio is used to compare the efficiency of individual room air conditioners. It is the measure of the number of BTU per hour of cooling provided for each watt of electricity used. Room air conditioners typically provide from 5000 Btu/hr to 18,000 Btu/hr. The average EERs of older units from the 1970’s is about 5. Newer units manufactured after January 1, 1990 must have an EER greater than 8. The best room air conditioners on the market have EERs of 11 or more.Simple Steps to Improving Duct PerformanceBecause ducts are often concealed in walls, ceilings, attics, and basements, repairing them can be difficult. But there are things that you can do to improve duct performance in your house. Start by sealing leaks using mastic sealant or metal (foil) tape and insulating all the ducts that you can access such as those in the attic, crawlspace, basement, or garage. Never use ‘duct tape,’ as it is not long-lasting. Also make sure that the connections at vents and registers are well-sealed where they meet the floors, walls, and ceiling. These are common locations to find leaks and disconnected ductwork.CapacityCooling towers are usually described by their tons of cooling capacity. The cooling capacity indicates the rate at which the cooling tower can transfer heat. One ton of cooling is equal to the removal of 12,000 BTUs (British thermal units) per hour from water. 9 Cooling tower capacities at commercial or industrial facilities may range from as few as 50 tons to 1,000 tons or more. Larger facilities may be equipped with multiple cooling towers.UtilizationNot all cooling towers operate at full capacity year-round. Therefore, it may be necessary to determine the utilization profile of your system. This involves identifying how much of your system’s total cooling capacity is utilized and how often to arrive at an annual number of cooling ton-hours.Equipment SizingFor central air conditioning systems, your contractor should calculate the cooling load of your home. This will make sure you are selecting a system that meets you peak cooling needs without oversizing the equipment. Oversized equipment is a common problem that can lead to poor performance, and early equipment failure. Check to see that they are using sizing guidelines such as the Air Conditioning Contractors of EMergyKool.Data analysis on cooling tower water usage and its relation with cooling degree days was performed. Central cooling tower and satellite cooling tower’s monthly make-up and blowdown levels are recorded in Utility Plant’s monthly reports. The reports show that the cooling water make-up and blowdown levels are low during winter and increase during the summer.Conclusion: EMergyKool is a leading supplier of Energy Efficient Misting fans which can be used in industries, parks, beaches etc., For more information visit www.emergykool.com·RELATED QUESTIONCould we build a combustion engine on hydrogen using a mixture of plastics and metal?Yes, why not. For sufficiently permitting definitions of "mixture".I think the most difficult part of your question is not the engineering, but the language. There is nothing special about running an engine on hydrogen. And there is nothing special about "plastic" or "metal" parts either.Many combustion engines use a combination of metal parts and plastic parts. There is nothing except the fuel system that needs to be fundamentally different for running it on hydrogen.However, "mixing" metals and plastics into a single material is something I have not heard before. Composite materials with e.g. layers of different materials, sure, but no homogeneous mixtures.Could we build a combustion engine on hydrogen using a mixture of plastics and metal?.
Rex Lighting 82 Hz Downlight Series: for High-end Hotels
Five star hotels are always luxurious, but what is the best? Recently, sleeper, a hotel design magazine, launched ahead awards, which is recognized as a heavyweight award in the design industry.In the shortlisted works, regardless of the differences in hardware, the overall atmosphere of each hotel is very good, which is largely due to the clear primary and secondary and quiet and comfortable light environment.So, how can we get excellent hotel lighting effect? This requires us to combine different hotel types and fully consider illumination standards, lighting level planning, reasonable lighting layout, lighting selection, scene control and other issues. Among them, the selection of lamps is really important. It can be said that the evaluation standard of good lighting largely lies in selecting the right lamps to illuminate the parts you need to illuminate!The hotel itself is a space with complex structure, covering the lobby, lobby, restaurant, corridor, guest room and other areas. The floor heights are different and the demands are different. The lamps should be determined according to the needs of different spaces, especially for the selection of main downlight. However, there are always some problems in the application of downlight in hotels, especially in some high ceiling spaces:1. The power of lamps is too high, which makes them blind; The power is too low to walk in the dark.2. The strobe is too high, which makes people mentally tired3. The brightness of the light radiation area is uneven, some areas are clean and bright, and some areas are dim.4. The light quality does not meet the standard, but only meets the basic standard of "lighting up".5. The installation and disassembly are troublesome, and the later maintenance is time-consuming and laborious.It seems that as the main lighting of the hotel space, downlights have a lot of knowledge. Today we'll talk about how to choose downlights in the hotel space!oneThe role of downlights in all areas of the hotelFirst of all, we should clarify the functional demands of downlights in various areas of the hotel. Generally speaking, the hotel is divided into "high floor area" and "low floor area". Therefore, we should select downlights according to the characteristics of these two areas.1. The hotel lobby, lobby, restaurant and other high-rise areas are selected, and the floor height is usually "high floor height area" with H > 6m. The demands for LED downlights are: embedded (compatible with the environment, not seizing the host), high power, large caliber (large size) and good anti dazzle performance.2. In hotel corridors, guest rooms, toilets and other areas, the "low floor height area" with floor height of H ≤ 2.8m, the demands for LED downlights are: embedded (the ceiling is clean and does not compress the floor height), low power, small caliber (small size) and good anti glare performance.twoHow to choose the right downlight for the hotel?As the main lighting fixture of the space, a good downlight should have the following points:01 lamp anti glare: the light is on where it should be, but the light is not on① Downlight meeting the requirements of light interception angle (light interception angle > 30 ° and > 45 ° is preferred).② Deep hidden downlight③ Various anti glare ring lamps are attached (including through cutting light).④ Special treatment optical reflector.02 the lamp has the function of adjustable angleIt can not only increase the function of downlight, but also make the ceiling cloth lamp realize regularity and improve various possibilities of space.03 relatively accurate beam angleFor hotel space, beam angle is one of the effective methods to build a sense of light hierarchy and atmosphere.In the era of LED lamps, the beam angles of different brands are different. For LED lamps used in hotel rooms, it is recommended to use medium narrow (15-18 °), (medium beam 22-25 °) and medium wide (28-30 °), and wide beam angle (55-60 °) can be used in the hotel lobby. Different angles are used in different areas.04 the light quality of lamps meets the standardLight quality evaluation indexes of LED lamps: color temperature, color rendering, R9 value and color tolerance (SDCM), etc. The light quality requirements of LED downlight are as follows:05 the light spot is clean and regularThe hotel space must be clean and tidy in both facade and plane. Any disordered light or shadow will affect the visual effect and have no significance in creating a soft and uniform lighting environment and displaying the irradiator itself. Therefore, a good spot light type should be regular and beautiful, and the halo should be relieved naturally.May see here, many friends are thinking, there are so many ways to choose a downlight? What if you buy it wrong? Is there any good product recommendation?Here we are - Rex lighting 82 Hz downlight is a set of solutions for high-end hotels, high-end clubs, villas and other space lighting lamps, which can solve different application spaces, different application scenarios and different functional requirements.threeRex lighting 82 Hz series downlight01 appearance & Configuration① Rich specifications:The series is equipped with a promotion box, covering 4 product types 2 installation modes of narrow edge and boundless edge, so as to meet different application spaces.▲ multiple product types to meet different application spacesIn addition, it also includes five basic general opening sizes. Different power can be selected to meet different floor heights below 12m. Hertz series downlights can be easily met in hotel lobby, guest rooms, high-end clubs, villas, etc.② Beautiful lamp body:An excellent downlight, the appearance value is also one of the standards to be considered. The edges and corners of this series of downlights are treated very finely. There is no obvious color difference on the surface of the two lamp body structural parts, and the texture is quite good.▲ there is no obvious color difference in the structure of two lamp bodiesAnd the optical surfaces of lamps are attached with protective film, which is one of the standard configurations of high-end lamps③ Simple installation and easy disassemblyHotel space will often be upgraded and transformed with the needs of the market, and the application of lamps and lanterns should pay more attention to its flexibility. Hertz series downlight adopts module structure design, optical integration of light source, flexible application and convenient disassembly and replacement.The width of the die-casting narrow frame is only 8.5mm, and the frameless stainless steel shrapnel is adopted on both sides. The installation is super simple and convenient, and the design proportion is uniform and beautiful.④ The design pays attention to details and is more humanized:The installation position of frameless embedded parts can be adjusted to adapt to the thickness of different slab layers. This detail is very convenient for construction and can be flexibly combined. This practice is common in lamps abroad and is relatively few in China at present;In addition, the power line designed at the outlet can go into the slot without increasing the height of the downlight, and it is anti pulling and fastening, which is also one of the humanized design highlights.02 optical quality① Precise light controlHertz series downlight reflective cup has 15 kinds of Optics and 9 kinds of high-precision secondary optical lenses, which can accurately control the light, produce light without secondary spots, and is soft and clean.▲ 15 kinds of optical reflective cups▲ 9 different optical accessories② High display finger:To create advanced hotel lighting, the higher the color rendering index of the light source, the better. Hertz series downlights adopt the industry's top imported chips, RA > 90 and R9 > 50. When used in space, they can highlight the skin color of Asians and appear ruddy and shiny.▲ high color rendering③ Deep anti glare features:The downlight with good anti glare performance can create a soft and uniform lighting environment and create a luxurious, warm and comfortable feeling for customers in the hotel space. However, many lamps that claim "black light technology" on the market, their light does not fall on the black light cup after secondary optics, which can be said to be a fake black light technology. The Hertz series downlight has undergone secondary optics, and part of the light shines on the black light cup, and then the light is accurately controlled by the black light cup to achieve better anti glare effect.With 40 ° shading angle, it is a very powerful black light anti glare technology.④ Rich optics:This series of downlights has five beam angles: narrow, medium, wide, ultra wide and polarizing. It can accurately control the light and provide options for different objects, focusing or basic lighting. It can be said that with this set of Hera series downlights, it can almost cover more than 90% of the application of the hotel's downlights.03 power supplyHertz series downlights are equipped with thyristor dimming, 0-10V dimming drive and Dali dimming drive. When the dimming is adjusted to the lowest brightness, there is still no stroboscopic.Its high PFC stroboscopic drive (power supply) is also a bright spot. The non stroboscopic power supply on the market is almost low PFC (about 0.5), while the high PFC (at least 0.9) of Rex Hertz series is also the standard configuration of high-end lamps.The power supply adopts a pair of plug-in connectors, and the fool proof design makes the installation more convenient and firm.04 heat dissipationThere are two important indexes to judge the quality of an LED lamp: thermal and optical. In the previous introduction, we have seen the excellent optical performance of Hertz downlight. What about its heat dissipation?Because they are cast aluminum heat dissipation and heat dissipation rib is deeper, the surface area is more, so the overall product heat dissipation is good, helps to extend the service life of lamps and lanterns.In addition, too many heat dissipation ribs will not affect the appearance value of the lamp. It not only meets the requirements of engineers for large heat dissipation area, but also takes into account the aesthetic requirements of product managers. It can be said to be a product with appearance value and strength.In the hotel lighting design, only by constantly coordinating the harmony between the whole and the part, the whole hotel lighting project will be more perfect. With this set of Hertz series downlights of Rex lighting, it can basically meet the application of cylindrical spotlights in 90% of the hotel space. Both the whole and details can be perfectly considered.Original title: [WanMu new materials · market] Rex lighting high-end hotel barrel spotlight - Hertz is coming!The source of the article: WeChat official account: Gao Gong LED] welcome to add attention! Please indicate the source of the article.
Poll: Who Really Should Be "Cookbook Man" the Superhero?
Poll: Who really should be "Cookbook Man" the superhero?Shrunken Fro is so good she should have her own cooking show. Ron would do good to go to the local library and read stories to the children. There really is not even a comparison is there?.— — — — — —How far did the Blight fleet travel during The Children Of The Sky?There's enough uncertainty in what we are told in The Children Of The Sky that the answer could be anywhere between no distance at all and 29.9 light years, depending on what works best for the plot of the sequel when Vinge writes it— — — — — —What do you think about the Duggar family?I think the parents chose to have 19 children, not the kids. It is the parent's responsibility to take care of their children, not the kids. Work and responsibility is important for children. The responsibilities of running the household should be shared, but it is the parent's primary responsibility. The children should have a reasonable amount of chores, but not so many that they arent able to work outside their home or maintain a social life— — — — — —Would you hire a teacher to help design your curriculum?I can not see myself ever needing it. Nor any of the home schooling families I know. In CA we do not have specific standards we have to keep to, not even in high school, since home schools are registered as private schools. Others have suggested tutoring. That sounds like a better idea. Home schoolers as well as classroom schoolers would use that service. Designing a curriculum is not as easy as it sounds. It is not just the grade level or course of study. Parents know their children and how they learn best. Not one size fits all, even with siblings. You would have to know the children pretty well to be able to know how they learn. Most home schoolers try many different curriuculum before hitting on one that works for their children. The internet has made it pretty easy for any home schooling family to find what they need. So, tutoring makes more sense!— — — — — —Do you hate it when parents scream and cuss at their children in public?WOW. That's just uncalled for, and then the mother will wonder where the children will get there mouths from. There is just no reason for it. The only way that that would help anyone is the mother. To get her frustration out. There is no positive side of it, none at all. There is even no reason to yell at a child. I have always said that every child has currency and as soon as you figure out what it is you are golden. What that mother should have said is " If you do that one more time then you have to ride up here with me and you can no longer drive the car". That works for my kids and they listen. Or another big help is give your child a snack while your in the store. For instance, most grocery stores start off with a veggie and fruit isle. Grab an apple or what ever you child likes and let them naw on that while you go through the store. Just make sure you grab another one so it can be scanned. The people never have a problem and it keeps the little ones entertained and quiet :) I agree with you being a parent is frustrating but there is no reason to take that frustration out on them. Kids are kids and that's what they are best at, BEING KIDS.— — — — — —Help!! i am babysitting a 1 year old baby and i think she is got a fever 99.68 normal or not she feels hot?I think you may be overreacting. 99.6 is not bad. Do not listen to these idiots about getting off the computer. I do not know one baby-sitter that does not use one form of entertainment or another while the children are sleeping.— — — — — —What are the disadvantages to imaginative play among children aged 4-5?Imaginative play/ socio dramatic play is one of the best types of play that a child can experience! Through this play they follow Piaget's theory by contributing to their understanding of the world through their actions, they are able to express themselves however they wish and it is their time to be who they want to be, to try out different roles in society and just to have innocent fun. Children see everything and they pick lots up, so this play allows them to have an outlet where they can just let out and act out everything that they have seen that has been of interest to them. Socio Dramatic play is a very important part of a child's development, and usually occurs from ages 2-7 years. The only disadvantage I can see is that from my experience the children usually stay in the dramatic play area and wo not explore and experience any other areas of the room, which are also optimal for development. In this case teachers could set a timer for about 10-15 minutes in the dramatic play area, and the children could rotate.
Wiring Tips, Tricks, and Best Practices to Make Your Gauge Install a Breeze
For example, the Innovate MTX-L Plus is an advanced, stand-alone wideband air-fuel controller and digital readout gauge. It uses a Bosch LSU 4.9 wideband O2 sensor and is compatible with several different fuels. Upon first glance it appears similar to a conventional sensor and gauge combination designed to give the driver specific information. However, the MTX-L Plus is much more sophisticated than a typical oil-pressure or water-temperature gauge. Remember, a wideband sensor requires a heating element that must be kept at the correct temperature to provide an accurate reading.Where Can I Buy Heating Elements?Noland Co. (plumbing and electrical)Where is the heating element in a hot tub?Mine is behind the front panel. There is a removable panel and the motor, heater, pumps and control system are all right there. On my Hot Springs, you must remove the screws to access itIs it wasteful to use a heating element, instead of doing useful work?The energy produced by computers in datacenters is often used for heating purposes. Google with "energy from datacenter used for heating". So, on a larger scale, using energy generated by computers for heating purposes does work.If I add chromium with copper (for heating element), definitely its thermal properties reduce but will it sustain longer from water scaling?They do make chromium/copper alloys (for example: Welcome To Mipalloy), and they do have slightly better corrosion resistance than pure copper. But water scaling in a heater isnu2019t really corrosion - itu2019s minerals (usually calcium sulfate) precipitating out of solution because theyu2019re less soluble in hot water than in cold water. Changing the composition of the metal wonu2019t help you with that.Calculating Power and Setup using resistors as heating elementsFirst concentrate on each of your 12 ohm resistors. Their max rated dissipation is 10 watts. The quickest way to find volts and current from power and resistance is max_voltage = sqrt(max_power * resistance) (or you could simply calculate current and hence power for each of several applied voltages). In this case, sqrt(10*12) is roughly 11v. As you have a 12v supply, you need 2 in series, where the 24ohm total will give you 0.5A, and so 3 watts per resistor. With a 10w rated resistor, if you feel it's getting too hot at 3w, that may mean it's not heatsinked sufficiently, or your expectations need recalibrating. A 10w resistor would need to be big to be air-cooled, or to get very hot. If it looks like it can be bolted down, do bolt it to a heatsink. If it's ceramic with no flat surfaces, then it's supposed to run very hot in air.Two parallel strings of two series resistors will give you a total of 12 watts. Is that enough for your application?[hooligan alert] In my world (turn it up until it blows up, then back off a bit), 12v on a 12ohm resistor will give you 12 watts, which a 10w resistor will probably survive for a while, as long as you keep it cool. Four such resistors in parallel would give you 48 watts, enough? [/hooligan alert]Cleaning electric oven and the heating element sparked.?You could use foil and you wo not have to clean the oven. Just pick up the foil and put more down. I also find that it helps the baking bake more evenly. My heating element lifts up. wrap it in foilElectric Heating Element,12v Rechargeable lithium Battery silicone heater | kapton heater | heated insoles gloves - Ali Brother1. Silicon Rubber Heating Pad/Sheet has advantages of thinness, lightness, sticky and flexibility. 2. It can improve heat transfer, accelerate warming and decrease power under the process of operation. 3. They are heating fast and thermal conversion efficiency high.any advice on how to replace a heating element on a hotpoint dryer?so some distance all i've got had to interchange replaced right into a heating element. i am not precisely pleased with Sears on their washers and dryers, so i might get a Volt Ohm Multimeter (VOM) and degree the resistance on the fuse and the element. certainly one of them could degree infinite resistance. If neither does I propose junking it and changing manufacturers. Their washers a minimum of have 1000's of tremendous high priced computing gadget **** of their controls that are unreliable and a genuine discomfort to objective to troubleshoot and $$$$$ to interchange. In different words, i am a upset shopper. The heating element itself could be an uncomplicated alternative, yet i does not take that any farther aside than surely needed
Domtar Corporation: Paper Gains Or Losses?
Domtar Corporation (NYSE:UFS) is the largest uncoated free sheet paper company in the world, and is struggling to find growth to offset declining demand in the core business. Recently, the company has been upgraded by analysts on optimism over management's M&A strategy, diversification of revenue streams, and the dividend and buyback record. With shares dropping closer to their 52-week lows year-to-date, many investors might be tempted to invest in a potential turnaround.We recommend that investors avoid this company, as it faces greater challenges than many perceive, it lacks the fundamental qualities of an outstanding investment and at its current valuation, there are better investment opportunities to be found elsewhere.The Pulp and Paper IndustryThe industry consists of mills that convert wood fibers into softwood pulp, hardwood pulp and fluff pulp. Pulp is then processed into paper, and used to manufacture products such as newsprint, uncoated free sheet paper, Bristol, personal care products (toilet paper, diapers, etc.) and countless other products that we use on a daily basis. The industry benefits from high barriers to entry, in the form of capital intensity and heavy environmental regulation. Sales are likely to decrease in the next few years due to weakened demand, the threat of foreign imports, and the emergence of online services.Source: IBISWorldIn other words, industry competition is fierce and pricing power is weak. Most products have been commoditized and have low buying sentiment. Various players have suffered in these conditions and have either been taken private (New Page Corp. was taken private by Cerberus Capital Management) or recently come out of bankruptcy (Resolute Forest Products) (IBIS World).Domtar a Leader in a Declining MarketDomtar is an integrated pulp and paper producer. The company converts wood fibers to pulp and further processes into paper products. Excess pulp that is not used internally is sold to the market. The company is the leader in uncoated free sheet paper with 8.6% market share (IBIS World). In terms of structure, 85% of the production goes to Communication Paper and 15% is Specialty and Packaging Paper (Domtar Q2 Fact Sheet). This poses a problem as Communication Paper is expected to decline 3-4% per year (IBIS World). The good news is that management is trying to solve the problem by increasing their production of Specialty & Packaging Paper (stronger margins) and building a presence in the Personal Care industry (Domtar 10-K 2013).Cost Escalation and Declining ProfitsWhile looking at the 2013 10-K and 2014 10-Qs, we note the cause of the earnings decline. Some drags on profitability may be temporary, due to bad weather in Q1, or resolution of a lawsuit in 2013, but many are worrisome. Increased input costs (driven by the cost of fuel and electricity), increased freight and selling costs and the loss of the Alternative Fuel Tax Credit all impact future earnings. In Q2 2014, decreased demand led to greater idle time (approximately 51000 tons), which meant that costs were being spread over a smaller base, thus increasing unit costs (10-Q, Q2 2014), and slimming margins.With declining demand, management has been re-purposing or closing down facilities. This has increased costs for laying off workers, losses on disposal of equipment (specialized equipment is unlikely to have much value outside of pulp and paper production), environmental obligations (already reflected in allowances but they could surpass expectations), and any other shutdown costs.Looking through the MD&A, we note that roughly 50% of the 9400 employees are unionized. Of these employees 1800 of them will be negotiating their collective agreements this year, with other negotiations occurring between 2015-2017. This can potentially lead to increased labor costs, even if it is just inflation pegging. If this increased cost cannot be passed on to the consumer, margins will be compressed. With falling demand, and greater competition from foreign (Chinese) competitors, due to a strong USD and lower wages, it is unlikely that consumers will tolerate much of a price increase. At best they may be able to pass on minor increases. Given that Domtar was unable to realize a full price increase in F14Q2, it seems realistic to see slightly tighter margins.Customer RiskDomtar is exposed to significant customer risk. About 35% of total revenue comes from the 10 largest customers (Domtar 10-K). The financials also state that 10% of total revenue comes from Staples (NASDAQ: SPLS). When we consider Staples' own troubles and its mass store closure plan, Domtar could suffer declining demand from their biggest customer. Furthermore, Staples has bargaining power over Domtar, and could potentially pressure Domtar to take price concessions in order to maintain order volumes.Fundamental WeaknessThe story is not promising for Domtar, but the company is looking to pivot in hopes of finding growth. The company has no economic moat and does not appear to be able to continue business long-term in its current state. They face increasing costs, decreasing demand, a unionized workforce and virtually no product differentiation. This does not appear to have the potential for outstanding returns. Can the transformation plan fuel growth, and make it a worthy investment?Personal Care: Brilliant Diversification or Misguided Waste of Capital?The Personal Care unit consists primarily of adult incontinence products and infant diapers. These products are made with highly absorbent fluff pulp, which Domtar manufactures, and super absorbent polymers. Management's strategy is to take advantage of an aging population, while at the same time gaining a greater presence in Europe. The Personal Care division currently represents 10% of total revenues, yet 23% EBITDA (Domtar Q2 Factsheet). This indicates healthier margins than the core business. However, this does not mean that the push into Personal Care will be successful.Adult Incontinence (NYSE:AI)Domtar is now competing in a concentrated business, in which 90% of the market has been controlled by the 5 biggest players over the last 10 years (Domtar, 10-K 2013). This market has two segments: retail and institutional. Domtar generates 85% of its AI revenue from institutional sales(Seeking Alpha, Q2 2014 Earnings Call Transcript). Two problems arise from this institutional strategy. First, these sales are extremely sensitive to government spending on health care. Second, without long-term contracts, Domtar could be undercut by larger players with greater production and distribution capabilities. This could force price drops and lost sales. The remaining 15% of Domtar's AI sales are through the retail channel. This is unlikely to become a major source of revenue. Established players like Kimberly-Clark (NYSE:KMB) have network advantages with strong distribution and customer relationships that will provide them with favorable shelf space. They also have established international brands, such as Depends and Poise. On top of this they have huge marketing budgets. At the same time, Procter & Gamble (NYSE:PG) is re-entering the segment with their Always brand and investing $150M in marketing to gain a meaningful share of the market (AdvertisingAge).Infant DiapersDomtar entered the US infant products business through the AHP acquisition. The company manufactures store brand diapers. On the surface, this private label strategy appears more favorable than going up against branded products. In fact, the top 2 branded manufacturers control 80% of the total market. The rest of the private label manufacturers, including Domtar, compete for the remaining 20% of the market. In terms of growth, management expects demand in the US to be flat (10-K 2013). With flat demand, they would need to either increase revenues through higher prices, or steal market share by slashing their prices. The question is, can they actually increase prices? From their 10-K: "The [infant diaper] business is focused around a small number of large retailers that control the majority of the volume in North America which is driven by multi-year contracts, and leads to the competitiveness and volatility in the industry." Customers (large retailers) have high bargaining power, and in the tough retail business, they will most probably be against any increases. Additionally, a pricing war would most likely be won by larger competitors.Mergers: a Flawed StrategyWhile there is much uncertainty, what is clear is that UFS will need significant investment and time to become a major player in the Personal Care industry. Domtar faces challenges in integrating the acquired companies. There have been recent headwinds in the Indas acquisition through higher than expected startup costs, and the loss of 2 major customers during the transition of ownership of that business. Currently capacity constrained, the company expects benefits from this acquisition to appear in the Q4FY14.Much of the lost revenues from Pulp & Paper is being offset by acquisitions, but this is not sustainable. M&A means premiums, restructuring costs, and integration costs. Furthermore, there is a limit to how much and how fast Domtar can buy earnings to offset the decline. Investors can reallocate capital more easily and less costly than Domtar can buy their way into the industry.Price-to-Book a Misleading Measure of ValueLooking through prior articles on Domtar, many investors have been hanging their hats on the company's low Price-to-Book ratio. As of September 10, 2014, the company is trading at a P/B ratio of around 0.86 (assuming a market cap of 2.43B). Taking this number at face value is a serious mistake made by many investors. One must understand what the company is putting on their books, and a better ratio would be the price-to-tangible-book ratio.[(Assets - Liabilities) - Intangible Assets] = Tangible Book ValueGoodwill should be removed as it reflects the premium paid on past deals and not necessarily what can be received from a liquidation, while the other intangibles are primarily brand names and trademarks. Trademarked names for a declining commodity do not seem like a sellable asset in a liquidation. We calculated 2 different Price-to-Book Ratios:a) Removing Goodwill: June 30 2014 --> 2.430/2.171 = 1.12b) Removing ALL intangible assets: June 30 2014 ---> 2.430/1.523 = 1.60Following the logic other investors have been using, using tangible book value would indicate an overvalued stock, by either 12% or 60% depending on your opinion of intangible assets. That's a big difference compared to the "16% upside based on book value" others have been praising.Debt Situation AnalysisAs of Q2 2014, the company has around $1.4B of long-term debt on its balance sheet. Major uses of this debt are: general corporate usage, acquisitions and refinancing of prior issues. The company's most recent debt issuance ($250M Nov. 2013) was rated BBB- by Standard & Poors. This is considered the lowest investment-grade and should be cause for concern. If the core business continues to deteriorate, or if there are downturns in the economy, costs of debt could rise substantially. Of course, these are "what-if" scenarios, but as investors we must have an idea of all the risks pertaining to the company. There are two areas that require further attention on the Liabilities section of the balance sheet:1) There are off-balance sheet commitments such as operating leases on Property, Plant & Equipment, which should be added back to debt, with the accompanying operating expense becoming an interest expense.Source: Domtar Corporation 10-K 2013While we believe the company should be able to make these payments, they are commitments that could become serious problems if any liquidity problems were to arise in the future. As their borrowings increase, they may need to seek more off balance sheet financing, at higher costs and perhaps with more restrictive covenants.2) The company may have breached a covenant on the Bank Credit Facility (FY2013)There are two covenants for the Amended Bank Credit Facility (p.128, 10-K 2013)1) Interest coverage ratio of not less than 3-to-12) A leverage ratio, that must be maintained at a level of not greater than 3.75-to-1Looking at the 10-K 2013, it appears as though the company had breached its covenant of keeping the interest coverage ratio above 3, as we calculate it at 1.89. Management had stated that they were in compliance with the covenants at December 31, 2013. We would need to receive more clarification on this, as we do not know exactly how they calculated the ratios. On our part, we are following the original coverage ratio (EBIT/Int Exp). Management may be using an adjusted interest coverage ratio of EBITDA/Int Exp. Another possibility is that creditors were not interested in triggering a technical default as long as interest payments kept rolling in. Will they be so forgiving in the future if the ability to make payments declines?Note, the company HAS been in compliance in Q1 & Q2 2014, though just barely. While interest expense actually increased in the first 6 months of 2014 compared to the first 6 months of 2013, the acquisition of Indas brought on a substantial amount of operating income keeping the ratio in compliance. If they are unable to replace operating income lost in the Pulp and Paper segment fast enough, this can lead to a future breach of covenants.The company is in compliance with the financial leverage ratio as of Q2 2014 (2.24)Source: Morningstar via QuestradeCash Flow AnalysisThe term Free Cash Flow seems to be a favorite of management, but this can be misleading. Free Cash Flow also includes net new borrowings. Investors prefer to own companies that have high quality free cash flow; that means it is being generated from operations and not borrowings. Looking at the 10-K cash flow statement, it is clear that Domtar's FCF is low quality. Not only have earnings declined by over 75% since 2011, but the cash generating ability of the business has also suffered dramatically. Domtar is generating 53.5% LESS cash flow from operations. But while cash from operations is dropping investing activities have been rising, and this deficit needs to be funded with debt. Domtar closed 2013 with $655M in cash, but most of this was spent on acquisitions in early 2014. While 2014 operating cash flow is 33.9% better than the first half of 2013, investing activities are up 438%, eliminating cash reserves.Source: Morningstar via QuestradeAlternatives to M&A ProgramWhile the hope is that these acquisitions pay off in the future, do investors really want to bank on hopes and dreams, when the company could have paid a special dividend roughly 8.38$ ($546M/65.1M shares) today, or retired roughly 15% ($546M/$39 share price= 14M shares retired) of shares outstanding? Would this not have benefited shareholders more directly and with more certainty?The dive into Personal Care will require substantial expenditures, both through future acquisitions, and increasing capacity at Laboratorios Indas. Simply put, the company will be splitting its free cash flow budget between the M&A program and returning cash to shareholders, not fully executing on either strategy. With Personal Care currently sitting at 10% of total revenue, the M&A program will need to be a long-term strategy if the company expects to truly balance their revenue streams. This could lead to increased risk through debt issuance, or the dilution of current shareholders through equity issuance. Management gave this response when an analyst asked about the buildup of Personal Care business through M&A and use of leverage:"..And so far, we've made rather a medium-size acquisition. So if we continue in that route, I don't think there's a risk on the balance sheet side. But if there's the right acquisition that's a little bit bigger, we'll have to make our decisions then." (Seeking Alpha, Q2 2014 Earnings Call Transcript)Could shareholders get burned by dilution or increased investment risk? Might there be a better alternative for delivering shareholder returns? We believe the following alternatives are worth examining:1. Stock buybacks: continue to reduce the number of shares outstanding, improves the EPS, reduces the amount of dividends paid out and can be a good investment if management does think the shares are undervalued.2. Industry Roll-up: acquire competitors in pulp and paper, essentially increasing market power, increasing economies of scale and reducing pricing competition.3. LBO or MBO: take the company private to reduce the costs of staying public, shareholders exit at a premium, and management can restructure the firm privately while servicing the debt with cash flow generated by the business. This has been done with many competitors.4. Increase dividends or special dividend: return capital to shareholders and allow them to reallocate to other investments.5. Focus on Specialty offering: continue pulp and paper production, but with a greater focus on packaging and specialty grade paper that has less threat of substitution.Conclusion: Investing is a Relative GameSuccessful investors know that it is a relative game. We can't predict the market or economy. But we can choose the best relative investments available. This is the essence of capital allocation. At a P/E of 14.16, UFS is justifiably cheaper than the S&P 500 (NYSEARCA:SPY) at a P/E of 19.68 (www.multpl.com). When you consider that Domtar is in a declining industry, has no competitive advantage, no pricing power, escalating input prices and a unionized workforce, it is not unreasonable to expect earnings to decline for the foreseeable future. This would either make the P/E multiple expand as EPS falls, or the price would fall, keeping the P/E stable.Now the Personal Care division can expand and make up the lost EPS in the future, but buying growth is not cheap, quick, or risk free. Do not underestimate the risk in Personal Care or the difficulty in integrating acquisitions. Rather, investors should look elsewhere for potential opportunities.Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.Additional disclosure: This article is the work of Giuseppe Farruggia and Costa Tagalakis of Augustus Research Ltd.
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