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AMCOL International Corporation Message Board

  • steve_382n steve_382n Jan 30, 2013 1:49 PM Flag

    Q4 2012 Earnings and CC

    Not sure Ryan has a grip on the business. It has taken years to start to straighten up the chromite business. They reported errors in earnings accounting for the last 3 years. Not significant, but disconcerting.

    During the CC, there was lots of talk about restructuring various division and businesses. They renamed all the divisions and they still can't remember what the new names are. Seems like a waste of time and money, something that you do when you don't have any better ideas.

    Clearly they need to do something, but I am not sure they know what to do. We are now down $5.00 since the earnings report. The only positive is tha Zacks gave them a strong sell 5 rating. They are usually backwards looking at best. Grrr....