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AMCOL International Corporation Message Board

  • algo41 algo41 Oct 27, 2010 6:12 PM Flag

    Conf call

    I had no strong reaction to either earnings report or CC. No great positive surprise, other than perhaps how well European contracting services (environmental) is doing, and no great negative surprise. Anyone else?

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    • I'll throw in my 2 cents and maybe we will get someone else to comment also (not likely).

      First, I like that they don't spend 30 minutes talking about the information that has already been releaseed in the PR. More time for questions. It is just typical about their management style.

      I was a little surprised about the problems in Health Care, as I hadn't read anything (at least that I remembered) about the problem. But, they addressed it and have assured that all has been cured. I have no reason not to believe them.

      South Africa is looking good for 2011, but had some negative impact on Q3. Gross margins were down to 21% in Q3, but are expected to return to 25% or even higher.

      Overall, this was a very good quarter. By my records, this was the second best quarter ever for EPS and they still managed to beat the estimate by 4 cents. This is still one of my favorite stocks. It's my #4 holding currently out of about 10 companies.

      Steve

 

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