Current road block: Since we coded SIF as a GeoSpecial, the company has only had strong EPS growth in 2 of the last 5 quarters reported. Sales have not experienced the lift we had expected from the GEL acquisition nor has top line growth. The same can be said about net income. Despite what limited company commentary may infer, we are assuming that either the recent acquisition has been putting pressure on margins or that SIF's core business is facing operational issues. We were somewhat surprised of the weak fourth quarter 2012 results announced on November 30, 2012, since the September 26, 2012 release where SIF declared a special dividend release offered some positive commentary:
"For the second year in a row SIFCO has improved performance driven in part by our latest acquisition, Quality Aluminum Forge, exceeding expectations at both the sales and earnings level. T&W Forge, our fiscal year 2011 acquisition, continues to exceed expectations in both sales and earnings as well."
The company's IR efforts have also seemed to diminish, as the most recent earnings releases have offered little to no commentary by management.
both the trading and inner goings on in this stock is totally inexplicable. what is the story with silks resignation from the board? Has he been dumping shares? for months now a large part of the daily volume takes place at 4:03. It makes little or no sense that this is still a publicly traded company. Let a short squeeze begin....please.
17 days to cover. from a new multiyear high to stock that can't find a bid and huge short interest. is this manipulation or some bad news about to break. really had hope for a takeover or going private. new management looked good at first but same old sifco.
edac was the play.
Hugely disappointing. What happened to "Accretive to Earnings". Flat out the their EPS stunk as others in the same space are blowing out earnings. I think a lot of investors got sucked in expecting the same from SIF. analyst112 is correct in that they never give any color and some is surely needed now. It would appear that SIF is at best dead money and a broken stock now. I would love to eat those words.
Hope you're correct. Would love to see some follow through today. Actually, would love to see SIF taken private near 30.
We might be the only non insider, non institutional share holders these days.