As a resident of the West Village, Lee Ielpi trudged by a fence of ceramic tiles daily in the raw weeks after 9/11, one that developed a comforting presence over the next decade, transformed from an impromptu memorial to an enduring memorial. Now that they have been to a library nearby, on display for all to come see and remember that horrific day, Ielpi was fighting off tears at an unveiling this morning.
“Time does not heal the wound—it has a scab on it, and every now and then I peel it off and talk about my son,” said Mr. Ielpi, president of the September 11th Families’ Association. He lost his son, a firefighter, in the attacks. “We have an obligation to our children, to our grandchildren, to never forget. It is through education, it is through enlightenment. This is part of that process.”
The tiles had stood at the corner of Greenwich and 7th avenues since shortly after the attack before being moved to the Jefferson Market Library on 6th Avenue and 10th Street, an accommodation to the MTA, which had long-standing plans to build a ventilation plant on the old corner. In there new home, the tiles will be displayed behind glass in an exhibition throughout 2013. Created by average New Yorkers and out-of-towners to honor those who perished in the World Trade Center attacks on September 11th, 2001, the Tiles for America project was originally the brainchild of Lorrie Veasey, a potter and purveyor of several local ceramics stores (and now a consumer website) Our Name is Mud.
Tiles for America had been a “spontaneous” memorial where Ms. Veasey and any member of the public could paint a tile with an inspirational message—one reads “fight hate with love”—and hang it on the fence. The MTA had been weighing its controversial plan for years, before deciding in the fall it would move ahead. Some in the neighborhood wanted the memorial to remain there, and the MTA has said it would incorporate some of the tiles into the plant’s design.
Some of the tiles were given to the families of 9/11 victims, some are missing—Ielpi stressed to reporters not to focus on the missing tiles—and the rest are on display at the Jlibrary, where Council Speaker Christine Quinn worked with New York Public Library President Tony Marx to have the tiles placed temporarily.
“They’ll stop, they’ll talk to their parents, and they’ll ask about these tiles and they’ll learn about the horrible act that happened that day,” Ms. Quinn said. “And then they’ll learn about the thousands of thousands of people who came looking for their loved ones but also who came just to send love and support and the difference that can make.”
On November 1, Mohawk Industries reported third quarter adjusted earnings of $1.04 per share, surpassing the Zacks Consensus Estimate by 2% and last year’s result by 25%. Improvements in product mix, pricing, volume and productivity boosted earnings in the quarter.
Net sales grew 2% year over year to $1.473 billion, but lagged the Zacks Consensus Estimate of $1.478 billion. The gain stemmed from product innovations, acquisitions and operating efficiencies.
Mohawk Industries has a strong financial position and therefore looks for geographic expansion. With the acquisition announcement of Pergo at the end of October, the company expects to capture the most recognized brand of premium laminate flooring in the U.S. and Europe. The company has also announced its plans to acquire the Marazzi Group, which will make Mohawk the worldwide leader in ceramic tile.
The company expects fourth quarter adjusted earnings between 89 cents and 98 cents per share, up from last year’s 72 cents. The demand for new homes and improved sales of existing homes in the U.S. provide a positive outlook for future growth. Moreover, the company is focusing on pricing to combat raw material inflation.
Shares of Mohawk Industries have been rising since mid-December 2012 and reached a 52-week high of $94.15 on January 3, 2013. Moreover, the stock is currently trading above its 50- and 200-day moving averages, which stand at $84.98 and $74.25, respectively. In fact, the stock has been consistently trading above its 50-day and 200-day moving averages since late-December 2012. Volume averages roughly 677K daily.
Mohawk Industries, Inc. is engaged in the production and sale of floor covering products for residential and commercial markets for remodeling and new construction primarily in the United States and Europe. The company provides a complete selection for all markets of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs. The company’s premium brands include Mohawk, Karastan, Lees, Bigelow, Durkan, Daltile, American Olean, Unilin and others. The market cap of the company is $6.43 billion.
Dozens of the 9/11 memorial tiles that hung on a fence in the Village from the days after the terrorist attack until last September can now be found inside a public library on Sixth Avenue.
September 11th Families' Association president Lee Ielpi, City Council speaker Christine Quinn and other elected officials presented a new display of the ceramic tiles at the Jefferson Market Library Tuesday morning, calling the exhibit a reminder of the goodwill felt in Greenwich Village after Sept. 11.
"In remembering, we remember not only all of the loss and all of the pain, but also all of the people who came together," Quinn said, standing in front of the tiles, which hang on a stretch of silver fencing in the lobby of the library at 425 Sixth Ave., near West 10th Street.
Ielpi, a West Village resident who said he used to pass the memorial tiles every day at their former location at Seventh Avenue South and Greenwich Avenue, said he was pleased the tiles were back on display after being removed in September to make way for an MTA ventilation plant.
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