I didn't think Jack was going to retire yet but I guess he needed to retire eventually. He did a great job growing this company to what it is now. Nice diversified company. I don't know if the direction will change much going forward with new CEO but it will be interesting to see any changes. It will be nice having Jack on the board to help with things going forward. Thanks to Jack for everything he's done over the years and happy retirement!!! Have a nice day.
I've been thinking about CA sales tax. How's this logic. I own a business and buy supplies from a wholesaler and then I sell them to my customers. My customer end user pays the sales tax or if non profit or exempt for whatever reason doesn't pay sales tax. So Arca wholesales the appliances to the electric utility and then the utility either sells or provide the appliance to the end user. The end user should pay tax or if they are given it for free then I'm guessing some use tax could be paid by the utility. Plus the end user being a low income could maybe possible make it kind of like non profit provided by power provider but that's not my main argument. Its more that the wholesaler doesn't usually collect sales tax if they know there's one more layer to the end user. Any thoughts. Have a nice day.
Wouldn't be surprised to see ARCI acquired by yearend. Seems like a good pickup for GE, Home Depot, or another of their large partners. Even if they paid $5/share for ARCI, they'd be getting a bargain.
just check his ip address and figure it out, of course not worth the time. Have a nice day.
You must be angry and your only way to feel good about yourself is to try to wish harm on other people . I am quite certain you feel pain in your life. I hope you can find a way to feel good about yourself.
I hope they didn't make a mistake with the sales tax in CA. Other than that they had the same income from operations before tax as last year so that was great to see. I'm not selling here. This could be a triple from these levels or more. If they keep making these decent profits eventually it will go up or be bought out. Jack has laid the groundwork for an outstanding future. Way too many positives and now one negative. The carbon credits, plastic sorting upside and replacement market could produce crazy net income. These three things could produce results in which we might look back and think anything less than $10 was insane. Plastic sorting might take another year but huge upside. No brainer at anything under $5. Have a nice day.
i thing this was about the tax issue and not operating results. and the tax issue was not understood full, terrible pr. looking at recycle replacement revenue from the annuals for 11/12/13 it was 30m/11.7/14.5 or $56mil total. they have 11 recycling facilities ony one in CA, but could not find out how much of the $56m in revenue was from CA. should have been asked in CC. with a sales tax rate of 7.5% in CA, even if 1/4 of the revenue was from CA and subject to the 7.5% tax which it may not be, that would equate to 7.5% x 14m or $1m in sales tax + interest and penalties. could be much less. either way, drop today took over $6m off market value. overdone i think. anyone else have any input re: CA recycle revenue?
Wow I certainly don't get it! But I'll gladly buy up the cheap shares that people are throwing away below $3. Down 27%? On a good quarter?? Because of the CA sales tax issue? Jeez. Didn't anyone listen to the CC? Not the end of the world folks. And that's IF there's even an issue at all!
Listening to the CC, there's sure a lot of positive things going on with this company. The recycling sector is going to boom for YEARS to come. Do the sellers think people will stop caring about the environment? That the whole 'Going Green' revolution is already over? To those who panic sold today...don't check back on the price of ARCI. It will likely be double or triple the current price sometime next year.
Still not convinced it isn't being manipulated?
An open trade of 100 shares at $3.50 down from the $4.10 close yesterday had only one intent--to trigger stop loss selling and that's exactly what it did. The same minute quote for 9:30 AM finished at $3.00 on 100 shares. If a major corporation's stock had that kind of killing the corporate politicians would be up in arms, Congress (House of Representatives) would hold hearings and people would be fired.
No way that was legitimate price exploration.
They will continue in this vein with 100-200 share price drops because shareholders never figure out small caps' trading isn't regulated, monitored or enforced by public or private regulatory or enforcement agencies.
All in the name of deregulation.
Some system, eh?
Until they get a mountain of complaints by others besides myself they only turn a deaf ear. It's the conservatives who need to get clobbered because they only listen to the fat F*&^s of Wall Street until it threatens re-election. Bought ans sold!
Not sure what sellers in low $3's are thinking. Quarter was pretty decent I thought. No carbon offset credits and a higher tax rate....and they still earned .10/share. We'll see what they say on the CC later this morning. I have a feeling this is a great buying opportunity.
Yeah this makes sense, revs growth in 14 is looking pretty good, hopefully market goes off these facts and there is no knee jerk reaction downward
Considering what management said about the reduction in net income compared to prior year: "The decline in quarter-over-quarter net earnings was primarily the result of income taxes. In the second quarter of 2013, the company reduced its effective tax rate by utilizing net operating losses with a corresponding valuation allowance that was not repeated in 2014."
If you take a look at the % of taxes on the PR, you'll see a huge difference. This year could easily be hgher than prior year if the tax rates were the same.
On the comparison with prior qtr, in Q1, they sold 600K (net of tax) of carbon credits, which goes right to the bottom line. They didn't sell any this qtr. 600K = .10 eps. Most expect them to sell another chuck of credits in Q3 or Q4.. Even if annualized eps is .50, valuation is low.
Yeah stock will be down tomorrow, not up. Below $4 for sure. Market doesn't like earnings declines. And from the comments, I'd be worried that Q4 won't be profitable.