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Autoliv, Inc. Message Board

algo41 49 posts  |  Last Activity: Apr 30, 2015 10:48 AM Member since: Jun 12, 2000
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  • Reply to

    Georgia boo recall

    by algo41 Apr 30, 2015 9:49 AM
    algo41 algo41 Apr 30, 2015 10:48 AM Flag

    Your'e right. What confused me, apart from being a senior, is this from RCKY investor site, under events:

    Posted on April 17, 2015 by webmaster
    Recall Date: April 17, 2014 Recall Number: 14-148 Rocky Brands Recalls Georgia Boot Steel-Toed Shoes Due to Compression Hazard WASHINGTON, D.C. – Consumers should stop using this product unless otherwise instructed. It is illegal to resell or attempt to resell…

    Notice posted date. It was also on top of events list.

  • Just google title of message. Known since Apr 17, although I just noticed it. No mention on Georgia Boot site, and listed under events on RockyBrands site. I did react to it around opening today, but it is easy to sell gainers, and I still hold some shares.

    This is my second attempt to post.

  • Reply to

    wazzup wit dis big big early move?

    by fabulouspoodle Apr 29, 2015 9:45 AM
    algo41 algo41 Apr 29, 2015 10:37 AM Flag

    Fabulous, what you say is correct of course, but from proxy:

    During 2014, the Company employed certain members of Mr. Brooks’ immediate family. Jason Brooks, Mr. Brooks’ son, served as the Company’s President of Wholesale Sales, Stuart Brooks, Mr. Brooks’ brother, served as a Key Account Manager for the Company and Mark Pitts, Mr. Brooks son-in-law, also served as a Key Account Manager for the Company;

    I will say they offer a decent dividend and salaries aren't extraordinarily high. Also, insiders only own 9.1% of shares and there are NOT 2 classes of shares.

  • Reply to

    wazzup wit dis big big early move?

    by fabulouspoodle Apr 29, 2015 9:45 AM
    algo41 algo41 Apr 29, 2015 10:00 AM Flag

    I wondered about a takeover but, as a reminder, RCKY has 2 classes of directors making a hostile takeover very difficult. Volume as well as price is high.

  • Reply to

    Right direction

    by chainma1l Apr 28, 2015 4:03 PM
    algo41 algo41 Apr 28, 2015 4:56 PM Flag

    That eps range was at a 35% tax rate. Tax rate was much lower.

  • Has RCKY specifically commented on this. I get the impression it is going well. I believe I recall Westnash once citing this as another initiative that came to nothing.

    On another matter, do they really have any plans for untaxed, undistributed earnings (over 17 mil) tied up in the Dominican Republic? Of course, that kind of thing is a problem for many companies. As far as I can tell they don't pay any taxes to DR on it. RCKY did bring some back in 2014 and pay taxes on it.

    I was impressed they brought back design director from Creative Rec. Why did he leave in the first place? I recall a big acquisition years ago that floundered over broken promises (about not moving operations) and employee flight.

  • Reply to

    tender offer

    by algo41 Mar 27, 2015 9:39 AM
    algo41 algo41 Apr 27, 2015 10:52 PM Flag

    whoops, I see the 400 and the 1000 were both Gabelli Asset Management.

  • Reply to

    tender offer

    by algo41 Mar 27, 2015 9:39 AM
    algo41 algo41 Apr 27, 2015 10:07 PM Flag

    Gabelli was selling some shares even before tender offer. Perhaps it would have been more, prior to tender, but market wasn't there. The +400 in following is confusing, especially since it was same day as a 1000 sale. Reporting is for several entities for which Gabelli has an interest, so I guess one sold and another bought?

    Incidentally, site I had been using for insider trades is now pay to use. Much more cumbersome to look at SEC filings, and not nearly as good in putting things in context.

    4/24/15 1,000- 42.0000
    4/24/15 33,701- 42.0000
    4/24/15 77,000- 42.0000
    4/20/15 600- 42.3766
    4/16/15 99- 42.4400
    4/15/15 1,000- 42.3553
    4/14/15 1,000- 42.2185
    4/10/15 100- 42.6960
    4/02/15 500- 43.4520
    4/01/15 443- 43.2314
    3/31/15 700- 42.8829
    3/23/15 1,000- 41.3000
    3/23/15 400 41.3000

  • Negative tangible book, no profits, a market cap of 117 million, and they can borrow 80 million to make acquisitions. I find this very interesting.

  • Reply to

    tender offer

    by algo41 Mar 27, 2015 9:39 AM
    algo41 algo41 Apr 24, 2015 8:54 PM Flag

    Steve, I realized my speculations didn't make sense - as you pointed out, they were significantly under-subscribed the last time they did a Dutch auction. Interestingly, I had called the CFO on another small company I have shares in with a question. After clarifying, he asked me how I thought they were doing with their stock buyback (that's what I think he asked). It seemed like an odd question to ask me but he didn't seem confused by my response so I think I heard the question correctly.

  • The more the stock goes up, the more some shorts feel the need to post every 10 minutes. Posts rarely impact stock price, even when they have something new and significant to say. I guess it makes the shorts feel better. And the fact is, if not for tax consequences, I would sell some MCD myself. Maybe all day breakfast can be made to work without causing even worse service.

  • algo41 algo41 Apr 22, 2015 8:53 AM Flag

    Presumably, people think there is going to be a multi-year turn around. Certainly, getting rid of Thompson was a step forward. Still, I cannot begin to understand why price is currently up pre-market on earnings release. Incidentally, franchisee negativity may be solely due to wage increase, and that is many small businesses for you - every dollar in wages feels like a dollar out of owner pockets. (of course, literally it is).

  • Reply to

    Sales Decreased

    by picker1129 Apr 20, 2015 9:17 AM
    algo41 algo41 Apr 21, 2015 3:25 PM Flag

    from ACU 10-k: "Net sales from the date of acquisition through December 31, 2014 attributable to First Aid Only were approximately $10.4 million. Net income from the date of acquisition (june 2) through December 31, 2014 attributable to First Aid Only was $500,000." (12/7)*10.4 = 17.8 mil annual sales estimate for First Aid Only, and 17.8/4 = 4.4 mil quarterly if no seasonality, which is more than increase in US sales of .25*16.1 = 4.0 mil.

    As integration proceeds impact of First Aid Only on profit should only increase.

  • Reply to

    Sales Decreased

    by picker1129 Apr 20, 2015 9:17 AM
    algo41 algo41 Apr 20, 2015 5:39 PM Flag

    Picker, By my notes, First Aid sales in 2013 were 17.4 million. Do you have additional numbers?

  • Reply to

    Sales Decreased

    by picker1129 Apr 20, 2015 9:17 AM
    algo41 algo41 Apr 20, 2015 5:34 PM Flag

    Sales in Canada were down 8% in local currency, hence much more in dollars. Sales in europe were up 14% in local currency, but down 5% in dollars. US sales were up 25%. I think you have a point: they should have reported last year's First Aid sales for the quarter.

  • Volume for this stock always surprises me, and also that there must be many people willing to react so quickly to an 11:00 AM earnings release. Was timing of release expected, and if so, how?

  • Reply to

    Happy Days for us longs

    by goodnicknamesaregone Apr 18, 2015 9:32 AM
    algo41 algo41 Apr 19, 2015 8:45 PM Flag

    For a stock followed by 15 analysts, it is remarkable by how much they have underestimated earnings for the last 4 quarters (cf. Yahoo). Also, I was listening to Squawk on the Street the morning earnings came out, perhaps not attentively enough, but while they mentioned AMD, a much smaller cap stock, CE was apparently not mentioned at all despite such a huge beat.

  • writer thinks TLF is very undervalued. Whether or not you agree, it is worth reading.

  • algo41 by algo41 Apr 17, 2015 1:24 PM Flag

    Disparity between eps increase and net income increase is large. If you look at an additional decimal point, diluted eps went up from 10.7 cents to 11.8 cents, or 10.3%. Basic shares went up 3.1% while diluted went up 7.5%. This discrepancy in part reflects change in stock price: if price goes up, diluted shares go up, and visa versa. On Apr 1, 2014 price was 16.83, and on April 1, 2015 it was 19.25 (when you look at monthly yahoo prices, it gives first day of month rather than last day of month or I would have looked at Mar 31). A positive is that volatility should be dampened, but of course large number of options is a negative, even when awards are reflected in net income.

  • algo41 by algo41 Apr 14, 2015 5:29 PM Flag

    "Accidental Superpower" has some outrageous interpretations, but argues that Canadian laws make it easy for provinces to secede, and that given demographics, Western provinces are going to be increasingly subsidizers of Quebec, and won't put up with it.

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