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American Vanguard Corp. Message Board

steve_382n 72 posts  |  Last Activity: 3 hours ago Member since: May 18, 2010
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  • Reply to

    inTEST results and CC

    by steve_382n Mar 4, 2015 6:30 PM
    steve_382n steve_382n 3 hours ago Flag

    Good discussion. None of us really have enough information to know what's going to happen. I don't like investing on hope either and will be pretty disappointed if this doesn't work out. We should have a few more clues by the end of March if Gayn makes good on his 1P delivery. Would be nice to see it in the next week or so. Also, Q3 was reported on March 27 last year, so we have that to look forward to or to dread as the case might be.

  • Reply to

    inTEST results and CC

    by steve_382n Mar 4, 2015 6:30 PM
    steve_382n steve_382n 15 hours ago Flag

    I was thinking maybe more of a merger of equals. The cash balance of INTT would give AEHR enough money to execute on their delivery of new systems without worrying about raising more money through stock sales. It would also give INTT their growth engine if the AEHR story plays out as we hope. Also, the founder of INTT is 77 years old and the CEO/President is 70. I have no idea whether their product lines are compatible and another issue is INTT headquarters is in NJ while AEHR is in CA. Would rather AEHR make it on their own, but who knows.

  • steve_382n by steve_382n Mar 4, 2015 6:30 PM Flag

    Just out of curiosity, I listened to the inTEST Q4 conference call. Interesting little company. They had about $40M in revenues last year, earned about $0.33 per share for the year, market cap is $40M also, and the share price is $3.85 per share. Seems pretty cheap, especially when you consider that they have $23M in cash on the balance sheet. They sounded quite positive on the industry in general and see their business growing also, just not very fast. They said they need an acquisition to fuel their growth, rather than organic growth. They said they were looking for complimentary businesses with revenues in the $15M to $30M range that had potential for growth. Mainly interested in US companies. They are looking at companies that have thermal technologies as well as humidity and vibration testing technologies. They have been profitable for the last 21 quarters also. There were two analysts on the call, one from Sidoti, but didn’t catch the other one.

    I am thinking we need to get those new systems out the door, and quickly, to avoid a takeover on the cheap.

  • Reply to

    Hmmmm - Interesting

    by steve_382n Mar 2, 2015 4:55 PM
    steve_382n steve_382n Mar 3, 2015 11:09 AM Flag

    FWIW, LinkedIn shows the following for his recent experience. Crane shows a new President as of Feb. 2015.

    President Crane Electronics
    Crane Aerospace & Electronics
    March 2012 – 2015 (3 years)|Redmond WA

    Vice President Microwave Solutions
    Crane Electronics
    September 2010 – July 2011 (11 months)

    VP Aerospace and Defense
    Cobham Defense Electronic Systems
    September 2008 – November 2010 (2 years 3 months)

  • steve_382n by steve_382n Mar 3, 2015 9:13 AM Flag

    FWIW, Cramer is talking about the economy of Europe improving finally. He says it will be a tailwind this quarter. If so, that will help Hurco. The annual shareholder's meeting is next week also. I think I will try to attend again this year.

  • steve_382n by steve_382n Mar 2, 2015 4:55 PM Flag

    Not a real surprise that Bel is leaving I guess.

    ORLANDO, Fla., March 2, 2015 /PRNewswire/ -- API Technologies Corp. (ATNY) ("API"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, announced today that Robert Tavares has been named President and Chief Executive Officer effective immediately. Mr. Tavares will also become a member of API's Board of Directors. Bel Lazar, API's current President and Chief Executive Officer, is leaving the company.

  • steve_382n by steve_382n Mar 2, 2015 10:16 AM Flag

    Well, the quarter was actually a little better than I expected. Adler was not the drag I feared. Still, McGrath isn't really growing very fast. Revenues have grown nicely over the last 10 years, but they aren't moving much to the bottom line. The forecast for next year was conservative as usual, but the forecast for this year proved to be fairly accurate, so I am not expecting any big upside surprises. Guess this will just be one of my longer term dividend plays.

  • Reply to

    Delivery System

    by thousandhills1 Feb 28, 2015 2:14 PM
    steve_382n steve_382n Mar 1, 2015 1:13 PM Flag

    According to the latest info from Alnylam's website, they will be using ESC-GalNAc delivery for their HBV candidate.

  • Reply to

    Not a Great Week

    by assumption88888 Feb 27, 2015 7:22 PM
    steve_382n steve_382n Feb 28, 2015 7:46 PM Flag

    Not great, but maybe not so bad. As you mentioned, the volume on Friday was encouraging. Sounded like we got the orders Gayn was hoping for when he said he wasn't quite ready to write off this quarter at the last CC. We still have about 4 weeks to get the 1P out the door to meet his latest forecast. Might be a bad sign, but I am actually feeling a little more optimistic. It's never fast, except when your long positions are getting slaughtered.

  • Reply to

    Q4 Report this week?

    by steve_382n Feb 23, 2015 10:22 AM
    steve_382n steve_382n Feb 24, 2015 12:14 PM Flag

    Looks like Thur. I think this is our first chance to hear from Bob Trogele, the new COO.


    American Vanguard Corporation (AVD), today announced that it will report financial results for the fourth quarter and full year ended December 31, 2014 on Thursday, February 26, 2015 after the close of the stock market.

    Eric Wintemute, Chairman and CEO, Bob Trogele, COO and David T. Johnson, CFO, will conduct a conference call focusing on the financial results at 4:30 pm ET / 1:30 pm PT on Thursday, February 26, 2015.

  • Reply to

    Spansion

    by assumption88888 Feb 23, 2015 7:10 AM
    steve_382n steve_382n Feb 23, 2015 8:37 PM Flag

    Good news. Not sure whether this will go on the current Q3 revenues or to Q4. Depends on how they decide to book it I guess. If it goes on Q3, that might be enough to get us back around the $5 million range and perhaps break even for the quarter. I have to think it might be Spansion and that they were holding orders until their merger with Cypress was firmed up. Now if we can get that Fox-1P out the door and some orders for more, we might see this start to move.

  • steve_382n by steve_382n Feb 23, 2015 10:22 AM Flag

    No announcement yet, but it should be this week if they follow previous years pattern.

  • This type of donation could pay future benefits as more students are trained on Hurco software.



    College of Technology receives $500,000 software donation

    February 23, 2015

    Indiana State University students will be better prepared for the technology industry thanks to a software donation from Hurco Companies.

    Hurco, a CNC (computer numeric control) machines and machine tools manufacturing company founded in Indiana, donated 100 seats of Winmax Desktop Software to the College of Technology. The value of the software is estimated at $500,000.

  • Reply to

    Share Transfer

    by steve_382n Feb 20, 2015 9:14 AM
    steve_382n steve_382n Feb 20, 2015 4:08 PM Flag

    So, did she sell them today? Ha. Another possibility is that we are only a week from the Q4 report and either someone had a look at it ahead of time or they are just getting nervous after about 4 lousy reports in a row.

  • steve_382n by steve_382n Feb 20, 2015 9:14 AM Flag

    I see that Eric had to transfer 317,000 shares to his ex wife as part of the divorce settlement. He now owns 800,000+ shares. Hard to say how quickly she will sell the shares, but there won't be any filings on her share holdings since she is under the 5% level.

  • Reply to

    Recent price decline

    by steve_382n Jan 12, 2015 10:13 AM
    steve_382n steve_382n Feb 18, 2015 8:40 AM Flag

    Thinking about the debt, it is quite large. But, if you look at it like an investor that owns lots of rental properties and has a mortgage on the properties. As long as your return on the borrowed money is greater than your cost of money, it makes sense to have a mortgage on the properties. If they had to pay cash for all their inventory, they probably would only have 1/2 of the rentable equipment that they have. And at least for now, money is cheap. I would hope they are able to borrow for less than 5%. The assets are valued on the 10-K at about twice the total debt, so it's like having a conservative 50% mortgage on your home.

  • Looks like all the 13F-HR filings are completed. Aside from the insiders that bought in the last raise, it looks like no change in the other institutions in Q4. I would expect that to change if they can complete a couple sales before the end of calendar Q1. If they reach sustainable profitability, some of the funds will start adding shares. Fiscal Q1 ends at the end of February. At the CC Gayn said he didn't want to throw in the towel yet on Q1, so maybe they get some orders for wafer packs, etc. Don't know if they would announce any orders of that type, but as slow as Q4 was, perhaps Q1 will be better if the orders were really pushed out instead of just cancelled. The Fox-1P is still supposed to ship by the end of March I guess.

  • Reply to

    Volume

    by assumption88888 Feb 11, 2015 7:04 PM
    steve_382n steve_382n Feb 11, 2015 9:03 PM Flag

    At least the bottom hasn't fallen out yet. I finally got a fill on Tuesday for my order. Time to sit back and hope the sales go through.

  • Reply to

    1p

    by jthunders11 Feb 6, 2015 6:07 PM
    steve_382n steve_382n Feb 10, 2015 7:58 AM Flag

    Sorry, it was me. I also had one in the previous day. I wasn't able to pick up a single share either day though. Wonder where the price would drop to if I didn't put the bid out there.

  • steve_382n by steve_382n Feb 9, 2015 10:34 AM Flag

    FWIW, I just checked the February Feltl analyst opinion on AVD. No change over the last few months. The stock has been showing a little strength lately, but really need to see improved product sales.

    American Vanguard AVD Strong Buy $18.40

AVD
10.32-0.12(-1.15%)Mar 5 4:04 PMEST

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