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AMCOL International Corporation Message Board

  • algo41 algo41 Sep 1, 2004 9:09 PM Flag

    Announcement

    I don't believe they have issued press releases when making small acquisitions. So presumably, they consider the acquisition of the additional interest in Volcay Japan of some significance. One genuine drag on the stock is the prospect of lower auto production.

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    • Interesting board and company. Thanks for pointing it out to me.

      I own PolyOne and drive by the bentonite mines on highway 212 whenever I drive to the RAVN annual meeting. And have tried to see who the owner is or learn something about their operation, so I'm finding this information quite interesting. I also have the memory of unloading (from boxcars) a brand called Volclay which was diatomaceous earth I believe. Also much larger bags of diatomatious earth from suppliers of swimming pool chemicals. Among the uses which struck me at the time was that, according our inside skinny, St Paul officials had been dumping huge amounts of Volclay in Lake Phalen (north of St Paul) for several years trying to slow or stop the leakage of water out of that swimming lake. Apparently it hadn't worked sufficiently in 1963 or so when I was hearing about it.

      Wish I would have known about that tour described by the analyst 40 messages ago as I would have liked to try to get myself invited--and I'll bet it was not heavily attending this far out of the mainstream. Or perhaps they are at a different mine closer to the Black Hills.

      Best regards, L.

      • 2 Replies to skiplarson98
      • i have read about aco's sale as mentioned in msg's . i had aco afew years back they were selling under 7.00 they sold a part of ther chemical holdings to a german co. paid off stock holders and we retained our shares

      • Because I dislike having people come onto a board which has thoroughly discussed as topic and ask us to discuss it all over again, I will ask only you if you will expand a bit on this statement from another board:
        "... several years ago, it essentially sold its largest division, making up more than half the company at the time, distributing the proceeds to shareholders as capital gains. Current leadership used to be head of that division."
        Not a big deal and I could certainly find it, but I am only interested in the general business and story behind that move,if you would be so kind. Clearly, if anyone else wants to chip in, I would like it, but Algo and I have known each other for some time and I suspect he knows how to read my request. L.

    • Are there any CPAs among us who can tell us how this transaction impacts the income statement for this quarter?
      My knowledge goes way back to the 60s, 70s and early 80s and even that is now vague. But I seem to remember that at 19% the earnings were not consolidated and at 50 % they may be. Also, it is the % ownership at the end of the quarter that counts on your ability to make the consolidation. In other words, does aco take in 50% of the earnings from 9/1 forward or do they take in 50% of the earnings for the entire quarter (and 3 quarters) this October 31>

 
ACO
45.750.00(0.00%)Apr 17 4:01 PMEDT

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