Received a return call from Mr. Yessa this
evening. Unfortunately I did not have all my questions in
front of me when he called so I bounced around a bit
when talking with him and thus my report will be a
little less focused than I would like.
no company announcements to account for today's
stock action. Mr. Yessa seems genuinely surprised by
the price drop. We discussed a number of different
items. Earnings are due out next week. The move to the
new facilities in NY were completed in the first
quarter and operations in the plant are going well. The
recently announce Tyco Healthcare contract represents
about $3.5 million in annual incremental
I was a little worried about the drop in gross
profit margins in the 4th quarter. Was afraid it
represented low margins on the new F-16 contract. Was very
happy to learn that the added costs were associated
with the moving into new facilites that is now
finished. Some of these costs are likely to show up in the
first quarter also, but going forward from here the
major up front costs for all their new business should
be behind them.
This last point is what I
think is the most important thing to keep in mind. The
F-16 contract is major expansion of their aerospace
business. The company has incurred some major startup costs
in getting this business going. But even with these
costs holding results back, the company was able to
report respectable growth in the 4th quarter and should
do so again this quarter.
Any concerns at
this point are short term concerns at best. The
fundamentals for the company remain strong and the outlook
is almost six times higher than it was at the end
of April just a couple of weeks ago! MFI was
slightly over 3, now it is over 18. This is a significant
change IMO, and it is usually harbinger of higher prices
[money is flowing into buying ATRO shares, rather than
Don't you just love these Yo-Yo's that come out
of the blue and share their wisdom ....
Now the spam is even more meaningless than
On a more interesting note, lots of activity today
with most trading going at the bid of $8.875. Kind of
hope the buyer steps aside so as to create an even
better accumulation point.
Any thoughts from the
"investors" on this thread?
The company is fundimentally solid. But 1/4
trillion of margin coming out of the market,will result in
over a trillin $ of forced liquidation.All stocks will
get hit and many market makers will go out of
business. Wait until mid- summer before entering the
How low will we go???
People getting tired
of waiting ... or more growing pains in the 2nd
Since a year over year earnings decline is very
unlikely anytime this year, with $0.80 EPS in the bank
todays prices are starting to look very attractive.
If this was a baseball game and you knew you were
going to score all your runs in the last three innings
and you knew the other team would score in the first
innings (cost vs benefits of growth), would you go home
after the fifth inning?? If you were really smart you
would have arrived at the game during the fifth inning.
Unfortunately, like most folks on this board we all arrived
pre-game. Some of us pre-season and some even before the
stadium was built!!
We have waited this long, what
is another couple of months. History has said $8-$9
is a good buying area.
Question for Mr Yessa, if my dad, myself and my three
brothers buy enough stock can we come to the next board
I'm new. Have held ATRO for about 4 years, bot
right after they bot the New Hampshire business from
Loctite. That was very late 1995. The next 2 1/2 years
were generally positive. The last year and a half the
stock has done nothing. It seems that Kevin Keane is
very fond of proclaiming "nth consecutive quarter of
record LTM EPS" etc. I have to wonder whether he has
sought to, er, sort of save some earnings for future
periods to ensure that he can keep making that claim. Any
If ATRO didn't win the F-16 contract, who would it
have gone to? I can't believe they are a sole supplier
for this stuff.
Kind of an understatement ... reminds me of when
Custer said "over that ridge there are friendly
We have been slumbering for over two years now. If
it takes much longer for the fruits of growth to
appear, we might need some blond with a tub of margerine
to wake us up.
to exchange useful information on ATRO and other
stocks. I would like to see more volume in ATRO before
trading it. I am glad at your success. I'm surprised to
see how little trading stock is available: the MMs
may hold on to it tight, or simply have only a
limited amount on hand [which maybe a direct reflection
of the seemingly wide spread]. ATRO is a core
holding for me and a circle of friends.
IFMX, many THANKS for the details. I have made several
trades Buying at 10 1/2 and Selling from 11 1/8 to 11
5/16 area, some of it in IRA accounts. Keep me posted
on developments. I'll read the messages
To return the favor, and not knowing your interest,
let me mention for your possible review: ABTL [review
BV, Cash per share, compare it to stock price; check
low float, then glance at 82% short interest!;
perhaps a short squeeze is possible]; BYND [a lesser but
similar situation]; ZAP [BV + Cash = 3x stock price!];
MDSLF [read messages by Mister Ex & enzyman for
interesting R&D developments, both believe in what they say
and are solid; this stock is not for everyone, it can
be volatile either way]. Do thorough DD to determine
suitability to your goals. I have fun with them, while
waiting for ATRO to come out of it's periodic slumber.
I still consider it as a trading vehicle. You can
often buy a little @ 1/16th above the bid when it is
slumping, and sell it at 1/16th below the ask when it's
climbing. Just think how many extra shares we'd have if we
always had a Buy order in at 9 1/16 & a Sell order in at
10 15/16?? 5-6 revolutions like that would have
resulted in 100% profit (or, doubled your shares). Wish I
did it more often, myself. But I have been in & out
six times; five with pretty good gains per months
held (lost only a few (9?)cents/share in my one slip).
There are some uncertainties about IFMX,
revolving around their one-Q unexpected flat license
revenues. Please read many interesting posts this week-end
before going whole-hog. Take "triggerfish" comments with
a grain of salt (a disgruntled former employee; but
does make points), and read Enrico's post #62168. The
stock "should" double in the next 6 months, assuming
that earnings projections are not reduced, but perhaps
the jury's out on that. I still think it's a great
investment, but there is no near-term rush until the recent
questions are answered.