CPI Aerostructures Inc. Message Board

Are you kidding me? Look at the market. The S&P is at 1667! The whole world is talking about the biggest market run ever. And you are wondering about a measly half a million shares short of a stock that has not taken part of the mult-year party of everyone making money hand over fist. Your wondering about a stock that has had it's share price collapse in this environment! Your priorities are a little out of whack.

Sentiment: Strong Sell

I thought that the short position two weeks ago was high at 427,600.
But the new total has risen 12% to a surprising 479,700.
With the stock gradually rising, are shorts calm?

pat63222--Here is the yahoo page which has links to various press releases and other information about the company:

http://finance.yahoo.com/q?s=AIRI

Looks like they are about to be listed again, seems like they went through a pretty bad patch back at the beginning of the recession. Most of their work is military, which may account for a lot of the problems they had back then. It makes sense for them to go for Mr Aramanda, as they wrote in their press release, because of his success in getting commercial business for CPI.

They don't have "decreased work." They have decreased revenue, which you should completely understand based on your knowledge of POC. They have stated that while revenue will be down, they will be building more, and delivering more, than ever in their history. So a layoff would be suicide!

Its About making money on the contractsCPI already has.
Waiting on contracts to increase stock price because of POC accounting is Insane.Need to focus on the work in house and complete on time. Cut costs ,maybe there needs to be a layoff because of decreased work for this year. I think the big 3 at CPI should consider a pay cut until they are through these rough times

Sentiment: Strong Sell

The CEO certainly DID say business will shrink this year. And then he said they expect it to resume its growth next year. I happen to believe it. If that makes me laughable, so be it. And I will agree that this "could be" dead money for all of this year. But, if they land a contract worth talking about, it could also run up quickly. So whether or not to own the stock is a personal choice every investor must make.

Based on your response to the other poster it sounds like this stock is a #$%$ shoot. For half of the year 2003 it traded between $9.00 - $12.50. Last year it traded at $16.72. I guess you have to be just lucky huh, and if it goes up you have to dump it quickly because over the decade it has been up down up down. And when all is said and done the share price is not that of a growth company. It is stagnant. Like someone said, you own this you keep running in place. Good grief, I recently posted a copy of where the CEO said business will shrink compared to last year. Your posts are laughable. I would never trust this company.

Sentiment: Strong Sell

Not Vince, but what the hell. And for the record, the stock price in 2003, when I first bought CPI shares in their foillow on offering, was $4.00. And About five years ago, it was under $4.00. And if you've traded on the ups and downs of CPI, you've made a bundle, which is why those of us who have been around long enough are not worried!

And you've STILL never told us which customers they've lost! Certainly wasn't Spirit now, was it? Must be performing well for them. Sikorsky? No wait, they're a gold supplier to them. Please tell us all who they've lost as a customer?

Vince you want more time even though the stock price is way below the price it was 10 years ago when you were hired? The company's health is not always reflected in the stock price? How about the company has been operating cash flow negative for quite some time and has had to borrow money to fund continuing operations. Is that success? Failing to get contracts that were aggressively being pursued and addressed as a hopeful positive in quarterly reports can NOT ever be construed as a positive? Missing ship dates and having customers punish you is not something to cheer about either. And yet in a cash flow negative environment management saw no wrong spending large sums of money on golf outings while shareholders lost their investment. Not good. Sure you want another year. Another salary, another "bonus" of free shares. The stock and company's performance has been graded as F!!!!!

Sentiment: Strong Sell

I disagree that it's an accurate statement. Your assumption that by taking a cost reduction in order to produce another 100 - 200 new planes' worth of parts is weakness is incorrect, and not in keeping with normal aerospace practice.

Secondly, I didn't address those points because I believe your assessment is premature. Yes, you are correct. As of now, they have not landed any major contracts so far for 2013. But last year they brought on two major new customers, as they did the year before. So to trash them before the year is even half over seems a bit overzealous. You ARE ignoring the fact that they did receive a contract extension that will provide revenue (and likely significant revenue) for six more years.

Lastly, people are hammering this "disgraceful," useless," and "inept" management team, while this has been their first down year in seven or eight. These same people have grown this company from $8 million to $90 million. We're being told by Mr. Fred to expect this year to be lower, but then he has stated that they expect 2014 to return to their growth days. Given his track record, I think I'd give him the opportunity to show me that before I asked for his head on a platter.

Remember something. Stock price is not always indicative of a company's health. I'm not happy where the price is either, but the price being down while others are up isn't a reason to change management.

You have all voiced your opinion on this management team. Now why don't we just wait and see how it all turns out? If they don't come back in 2014, and the price continues to languish, if they don't record significant wins this year, and if they can't get any major commercial contracts in the next 18 months, I'll join your side. But would would you be willing to join mine if they did those things?

The_real_deal_999 you may not be able to help yourself but it was and is an accurate statement. I find it interesting and telling you chose not to comment about the failure to land any new large contracts, the Dreamliner miss and most of all explain to us why the Aerospace industry's stocks as a sector have skyrocketed and CPI Aero's have plummeted in the same time period. As Secondsatagelesmn said he sold in the mid teens. The market sets new highs every day and CPI is dragging along near 52 week lows well below the mid to upper tier teens the stock was at last year when the overall market was not as strong. Big defense contractors are at record highs, they are vulnerable to sequestration more than CPI. Why is CPI's business and share price down so much.

Sentiment: Strong Sell

Secondstagelensmanre, I hope it works out. You seem to have a good track record.

RS,
Patience will likely be necessary, but I waited before.

Sentiment: Buy

I can't help myself. That comment about cutting prices to get a contract extension is about as ignorant as it gets, considering you seem to be a fan of aerospace. ALL aerospace companies go through this for contract extensions. And considering that Spirit has had to take massive writeoffs on this particular program, wouldn't you expect that they'd be looking for price reductions from ALL their suppliers? It's common sense, not bad business on CPI's part!

That is very good. You were one of the fortunate ones to get out before they dilluted the share price by having to raise cash via a secondary offering. You also did a great job of getting out before management dumped their shares on the day of the secondary, so you did make a decent gain after all.
I would beg to differ on rebuilding a position in light of their recent failure to capture even a portion of the Dreamliner contracts that were available and their overall weakness in general in capturing any decent sized contracts. Their news releases and their stock trading pattern has been dismal, but hey you have had luck with them before so you never know. I, myself find it baffling why they are struggling so terribly in an environment that has seen the remainder of the industry skyrocket. It is also troubling that they have to cut prices to get contract extensions of any kind.
Anyway good luck on your holdings.

Sentiment: Strong Sell

Righty, what insider are you talking about, or is the everyone is Vince ?

I sold a large number of shares in the mid-teens at a good profit, which left me with a cost of about 7 on my remaining shares.
Recently, I rebuilt my position, actually averaging up.
I expect to make another good profit.

Sentiment: Buy

That is interesting. You have been averaging down to just get to a break even position when people are easily making 50% returns during this massive bull rally. I don't understand your investing logic.
For the record I simply posted what CPI filed with the SEC for their quarterly 10-Q report. Their filing illustrates the diminishing growth. FYI, not short thought I wish I had. This is a dead money thinly traded stock that seems to attract minimal trading interest judging by the volume. I enjoy following the Aerospace industry though, which has outperformed most sectors in this amazing bull run. CPI Aero seems to be the only company in the sector that has not only grown shareholder value but has sunk drastically. I post here because an insider (well known to posters here) was rude to me in November, so when I check my holdings on a daily basis I peek over here for a chuckle.
If you do not like the content of CPI's filings you should take that up with their management or their Board that is supposed to provide oversight.

Sentiment: Strong Sell

Just as a point of information you have sounded very foolish for a long time. Nobody cares what you try to post. But out of pity I will tell you there is a word weather which describes the atmospheric conditions outside (rain, snow, warm, cold, etc). There is a word whether such as whether or not I will ever read a post of yours ever again. Now "wheather" must be a special word for pumpers that like bread products and losing money on buying shares of CPI Aero stock. In case you haven't noticed nobody takes you seriously just as nobody takes this company's pledges of improved business somewhere down the road seriously either, something that have failed at miserably.

Sentiment: Strong Sell

RS:
For the record: my average cost basis is currently 9.0272, after substantial additions.
What is the cost basis for your short position.

Sentiment: Buy