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Appliance Recycling Centers of America Inc. Message Board

snds10 12 posts  |  Last Activity: Aug 15, 2014 10:32 AM Member since: Aug 5, 2003
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  • snds10 by snds10 Aug 15, 2014 10:32 AM Flag

    I didn't think Jack was going to retire yet but I guess he needed to retire eventually. He did a great job growing this company to what it is now. Nice diversified company. I don't know if the direction will change much going forward with new CEO but it will be interesting to see any changes. It will be nice having Jack on the board to help with things going forward. Thanks to Jack for everything he's done over the years and happy retirement!!! Have a nice day.

  • snds10 by snds10 Aug 15, 2014 10:21 AM Flag

    I was wrong about the top line number and surprised they did so much revenue. The one thing they have needed to grow is the long term recurring revenue and with all this msa business they might even out the earnings power. They stated they are 1-4 years with extensions and they assume all the extensions in the backlog number. They expect to do $60M of the backlog in the next 12 months. I'm not too excited about the 12 month backlog completion number but at least the msa seems to be going great. I'm not sure how much profits they can produce which is the million dollar question. If they could net 10% on the 60M it could be .15 or more after tax which would be great. I'm still not long but watching the story play out. My 2014 revenue estimate is way too low and I can't remember my net profit estimate but think it was around .15 which might be too high. Have a nice day.

  • snds10 by snds10 Aug 9, 2014 11:53 PM Flag

    I've been thinking about CA sales tax. How's this logic. I own a business and buy supplies from a wholesaler and then I sell them to my customers. My customer end user pays the sales tax or if non profit or exempt for whatever reason doesn't pay sales tax. So Arca wholesales the appliances to the electric utility and then the utility either sells or provide the appliance to the end user. The end user should pay tax or if they are given it for free then I'm guessing some use tax could be paid by the utility. Plus the end user being a low income could maybe possible make it kind of like non profit provided by power provider but that's not my main argument. Its more that the wholesaler doesn't usually collect sales tax if they know there's one more layer to the end user. Any thoughts. Have a nice day.

  • I might not know when to sell but I know when to buy!!! This is crazy cheap based on current earnings. Jack has things planned out well and this is no brainer. Have a nice day.

  • snds10 snds10 Aug 8, 2014 5:15 PM Flag

    just check his ip address and figure it out, of course not worth the time. Have a nice day.

  • Reply to

    Mr. Market spoke !!!

    by magilla_s Aug 7, 2014 3:58 PM
    snds10 snds10 Aug 8, 2014 9:29 AM Flag

    I hope they didn't make a mistake with the sales tax in CA. Other than that they had the same income from operations before tax as last year so that was great to see. I'm not selling here. This could be a triple from these levels or more. If they keep making these decent profits eventually it will go up or be bought out. Jack has laid the groundwork for an outstanding future. Way too many positives and now one negative. The carbon credits, plastic sorting upside and replacement market could produce crazy net income. These three things could produce results in which we might look back and think anything less than $10 was insane. Plastic sorting might take another year but huge upside. No brainer at anything under $5. Have a nice day.

  • Reply to

    Below $1.50

    by fdkp5354 Aug 1, 2014 8:28 PM
    snds10 snds10 Aug 1, 2014 10:23 PM Flag

    When do they come out with quarterly results? I can't imagine it will get too much lower than a $1. Might test $1 but seems like there should be buyers in that area. Have a nice day.

  • snds10 by snds10 Jul 20, 2014 12:14 PM Flag

    IMO just a matter of how much it will go up on earnings release day. Clearly they are getting nice margins and that's not ending with corn well below $4 and very weak. Wouldn't surprise me if adm or some large company buys them out. Too many reasons to buy the company. My guess is after earnings all the analysts will be dramatically raising yearly guidance etc. Stock could easily double yet this year. Have a nice day.

  • Reply to

    Price to book is 1.3

    by mpower430 Jul 19, 2014 11:59 AM
    snds10 snds10 Jul 20, 2014 12:06 PM Flag

    In my opinion price to book for this company means nothing. The earnings and relative growth of earnings and revenues are the best measures. To me it won't be cheap until it trades at deep discount to book or earnings appear stronger. I follow FLL which has a book value of $4 per share and is trading at $1.39 or around 35% of book. A true deep discount to book but the problem with both stocks is the power of the earnings or lack of earnings power. Its yet to be determined how this year will be for GV but I think it has a lot more downside than upside. I hope gv does great for all the longs but my guess is much lower share price by years end. My guess is it will drift slightly lower up until earnings release then drop much more. Maybe there's something I'm missing but I've been 100% correct in last 12 months on gv. Hope I'm wrong for the longs. I have no position in gv now. Have a nice day.

  • Reply to

    FLL gets another life

    by adubzz11 Jun 30, 2014 1:39 PM
    snds10 snds10 Jul 6, 2014 6:04 PM Flag

    They are going to partner on a casino,.... how? They can't get financing for the other casino and now they are doing a deal? Seems unlikely but who knows. Last quarter they were in default on their loans and got a one time pass go! I'm still only a watcher. Seems too risky for now. Have a nice day.

  • Reply to

    If this company hadn't been around for years,

    by dalton880 Jul 5, 2014 10:23 AM
    snds10 snds10 Jul 6, 2014 6:00 PM Flag

    I think you're correct that either mgmt thinks there's a lot of work coming or just taking a big gamble on equipment leases etc. I hope it works out for you but to me it's very risky at current levels. dalton880 are you in peix? I saw a post there from you and curious if you took the leap. I'm in gpre long call options. Corn is dropping every day and looks very weak and the ethanol margins should be getting even better going forward. Good luck on GV will be very interesting quarter to see if they pull it off or not. Have a nice day.

  • Reply to

    Current Corn Crop Planting

    by derkampfer Jun 3, 2014 9:29 PM
    snds10 snds10 Jul 6, 2014 5:54 PM Flag

    I don't know what the earnings will be but I'm guessing they will be strong. It's fantastic it keeps drifting higher before earnings later this month. I think the potential cash flow they can produce will rocket the shares much higher. It wouldn't surprise me if it goes up double digits on earnings day. Corn keeps going down and oil stays up and the margins are only getting better. I've still got all my 25 and 30 Calls and will not be selling anytime soon. Have a nice day.

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