In some respects the annual reports and 10-Ks now starting to trickle in for distributors of electrical supplies provide a snapshot of the calm before the storm. If you could somehow erase what happened in the fourth quarter, some of these companies would have registered average to better-than-average sales increases. Neither publicly held nor privately held companies have that luxury, and some companies are probably very happy that they could show any sales growth at all in an economy that ...

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