"Established" businesses can get upended by changing conditions in the industry. What probably hurt Central Tractor as much as anything was the notion that Walmart was going head to head with CT in some of their core product lines. Whether this was a real plan (not implemented) or just a rumor it set a chain of events in motion which made CT push harder than it should have into expansion mode. It should have been obvious that CT could never go head to head in terms of capital but when management thought that they were hearing footsteps they became very paranoid. The growth in locations came at a cost in terms of maintaining inventory. Also, early in the game CT resisted going public as the principles wanted to protect the potential stakes they had if their moves had paid off. Bringing in outside investment means sharing profits which some dislike. You might say it is all about the greater good but sometimes people can not see that.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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