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Oil-Dri Corp. of America Message Board

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  • Reply to

    Earnings?

    by sfiaes Sep 23, 2014 10:41 AM

    By the way, I'm glad to see you're able to post new messages here - I've been trying to do so, but as soon as I click on the "Post" button, they seem to disappear. At least I can post replies successfully!

    Biblioguy

  • Reply to

    Earnings?

    by sfiaes Sep 23, 2014 10:41 AM

    Yes, it is pretty difficult to forecast earnings for ODC. However, I prefer a company with a long-term focus as opposed to one that tries to manage earnings every quarter. That said, I think ODC management is not insensitive to the need for decent earnings. While FY2014 earnings through three quarters are lower than last year's results, the earnings are better than almost any other year in ODC's history.

    Regarding animal health, I think long term it will be a big positive for ODC. So while last quarter was unfortunate, you can't always predict these things.

    With the exception of the CEO, I don't think management at ODC is that high priced. Of course, management expenses will increase with the addition of the COO, but I think the hiring of the COO is a big positive over the long term.

    I think ODC can successfully launch Fresh & Light, plus they get some benefit from the commercials run by Nestle Purina for their own lightweight litter, which thankfully is overpriced and so lightweight that cats track it all over houses. I was just looking at the Tidy Cats website the other day, and it used to be that reviews of the lightweight litter were in chronological order (most recent first), which resulted in plenty of negative reviews showing up first. Now mostly positive reviews show up first, but they are anywhere from recent to several months old - one has to go pretty far back to find negative reviews.

    Plus, keep in mind that ODC controls its own minerals, thus they can probably be the lowest cost producer of lightweight litter. While Tidy Cats does make its own litter, I don't think that's the case for their lightweight litter.

    Biblioguy

  • Reply to

    Earnings?

    by sfiaes Sep 23, 2014 10:41 AM

    Thanks.

    The stock is certainly more reasonable than it was 9 months ago. Earnings, however, remain an absolute mystery with this company.

    Who new animal health was going to stink it up last quarter?

    High priced managerial talent. Higher energy and freight costs. Hard to know.

    Will Fresh and Light fulfill its promise? Or is it just too expensive for a small company like this to launch?

  • Reply to

    Earnings?

    by sfiaes Sep 23, 2014 10:41 AM

    Q4 earnings usually come out in early- to mid-October, no later than October 15th.

    Biblioguy

  • We should be hearing from these guys pretty soon, right?

  • My browser is chrome. When I go to Cat's Pride Fresh and Light, asterisk explanations are not readable on 1st screen and not that helpful on other screens (like who did the research to back up statements). Because site is "cutesy", it takes time to actually get to products. Getting to coupon took me 2 tries. Do they keep track so you can't download more than 1 coupon?

    I didn't find rest of site very well organized, but I was kind of impatient, so maybe it is.

    At least natural gas prices are coming down, but still higher year over year. Also, I like new product in that water from melting ice is absorbed.

  • Reply to

    New ODC product

    by biblioguy Sep 5, 2014 11:51 AM

    Looks like the commercial marketplace since you have to call for a quote...
    Not sure how it is "low tracking/no muddy mess"..sounds like an adjusted kitty litter
    formula (ie. abosrbant qualities) with part litter/part salt.....

  • ODC has come out with a new product: Snow & Go, a winter traction aid and ice melter. Go to http://www.oildri.net/ to see information and a graphic about the product. Not sure what markets they are targeting with this (small business, homeowners, municipalities, etc.) or how big the potential market is, but it could be interesting.

    Biblioguy

  • The U.S. Food and Drug Administration isn't required to hold public hearings to evaluate the health risks of widespread use of antibiotics in animal feed, a federal appeals court ruled Thursday.

    The decision by the 2nd U.S. Circuit Court of Appeals reversed a ruling in 2012 by a district court that sided with several health and consumer organizations that sued the FDA after the agency decided against holding the hearings.

    The health groups want the FDA to withdraw approval of using penicillin and tetracycline in animal feed to make cattle and other livestock grow faster. They say the practice has been linked to an increase to human resistance to antibiotics, while industry groups argue the issue needs more study.

  • One year later and we are relatively flat. Does the market accurately price/see gross profit compression? Did the advertising spend turn out? I won't pick on mgt this time but will put out to the board: buying opportunity or cause for concern?
    -
    One other point, 58 institutions holding 76% of stock...heavily concentrated by top ten (~57%?)...if one runs for the door, ouch....also, it could make this a target for manipulation (given thin trading vol: about 15,000 shares daily)...

  • Reply to

    Corporate Culture

    by seevalue2020 Aug 26, 2013 12:40 AM

    One year later and we are relatively flat. Does the market accurately price/see gross profit compression? Did the advertising spend turn out? I won't pick on mgt this time but will put out to the board: buying opportunity or cause for concern?
    -
    One other point, 58 institutions holding 76% of stock...heavily concentrated by top ten (~57%?)...if one runs for the door, ouch....also, it could make this a target for manipulation (given thin trading vol: about 15,000 shares daily)...

ODC
24.60-1.47(-5.64%)Oct 1 4:02 PMEDT

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