I see ACO as a combination between the cyclical metals/steel business and the more steady environmental business. The transportation business seems to exist to support the other service lines and does not really drive growth.
ACO also provides a nanotech play (plastic packaging and components) with its Nanocor business. This unit could be important in the future as it moves towards becomming an actual profit generating part of the business. They have good intellectual property with numerous patents. As such, ACO provides (at least in my mind) one of the safer nanotech plays out there.
ACO could see an uptick from its environmental units due to hurricane rebuilding. Its products are used in a variety of water sealing applications (liners for landfills, drilling products, cut off walls, water treatment etc.)
ACO has increased dividends on a fairly regular basis and has been successful in providing organic growth.
ACO bentonite products are used in oil field drilling muds as well as geotechnical and environmental drilling projects and in a wide variety of water proofing applications (bentionite cut off walls, utility trench sealing, GCL liners for lagoons, landfills etc.
Thank you very much for your posting. It was very informative. I was checking reports for ACO today and saw in a "Real Money Recap" that ACO has "a history of being promotional." I'm not sure what others got out of that comment. I was looking at the level 2 and saw an abnormal amount of sellers today. Any comments?
I personally prefer the board stay quiet and that only relevant comments be posted.
Speculation and hearsay from "knowing" investor is a waste of time. I have been with ACO for 8 years and with a very low average, I am very happy for the quiet board and old_guy and algo relevant posting.