A carpet company is cutting a hundred and fifty jobs.
They note that several of the stronger carpet companies are significantly undervalued.
Centracchio also owned part of a carpet company and a jewelry shop.
Few carpet companies have been granted licenses to export and they must pay a customs tax of more than 100 percent.
Templeton then went on to open a successful carpet company that became a leading manufacturer throughout the 19th and 20th centuries.
He was also a former chairman of the British carpet company Brintons.
Only one other carpet company has been identified as implementing this strategy.
Shaw Industries, a carpet company, fell 2 7/8, to 30 1/4, three weeks after reporting a strong rise in profits.
These buildings were the site of a large carpet company that employed many in the town.
And one industry official suggests that energy-saving moves taken by carpet companies may play a role.