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The Maui 10
Who's the county's most powerful player?
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May 08, 2008
NO POWER
 | | RANK | PREVIOUS | COMPANY | | 1 | 1 | Monsanto Hawai`i | | 2 | 3 | Alexander & Baldwin | | 3 | 2 | Tesoro Hawai`i | | 4 | 4 | Weinberg Foundation | | 5 | 5 | Maui Land & Pineapple Co. | | 6 | 6 | Wailuku Water Co. | | 7 | 7 | Dowling Co. | | 8 | 8 | Goodfellow Brothers | | 9 | 10 | Hawaiian Telcom | | 10 | 9 | Maui Electric Co. |
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MECO drops to the bottom of the chart for last Thursday's unexplained, completely unnecessary power outage in Wailuku. Seriously, you guys know this is the United States of America, right? What happened, did another bird short out the whole system? Short of a hurricane or tsunami or that one time when Dr. No nearly blew up the world, there's really no reason why the power should just go out. Maui's residents pay a great deal every month for the power to be on. That's all day and all night. Please, guys: can we work on this?
MONEY!
Glad to see someone around here is making some dough these days. A&B "reported profits of $42.1 million for the [first] quarter, or $1.01 per share, up 70.4 percent from $24.7 million, or 56 cents per share, in 2007," Pacific Business News reported on Apr. 30. Up 70.4 percent in the first quarter alone! Since the company attributes such monumental growth to closings at a Honolulu condo project, A&B will only rise one notch this week. "[W]e do expect real estate markets to continue to soften," company CEO W. Allen Doane told PBN. Soften? That's what you call home prices dropping, flipping an increasing number of homeowners upside down on their mortgages? Don't you just love corporate lingo? MTW
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| Entertainment and lifestyle news for Maui, Hawaii and the surrounding Islands. Maui Time Weekly is Mauis only independent and locally owned newspaper.
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