Preferred Rubber Compounding Corporation Division: Phoenix Management Services Client Preferred Rubber Compounding Corporation is a $90 million specialty rubber compounding company serving the automotive, electrical, architectural and appliance markets. Problem Preferred Rubber had recently completed a successful 6-month period of operations. They were ahead of budget and also ahead of prior year operating performance. Despite the recent positive trends at the company, the market place in which they competed was changing dramatically. Commodity prices which had been rising significantly were now dropping at a more precipitous rate than they had once risen. The primary and secondary markets that the company served were in a severe state of decline, particularly the automotive and electrical

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