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AMCOL International Corporation Message Board

steve_382n 98 posts  |  Last Activity: Jul 31, 2015 1:04 PM Member since: May 18, 2010
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  • Reply to

    Earnings on July 14th

    by assumption88888 Jun 25, 2015 7:39 AM
    steve_382n steve_382n Jun 25, 2015 9:22 AM Flag

    Yes. I tried to see if there were any clues in the announcement, but it seemed to be identical to past announcements except for the dates.

  • Reply to

    CEO Summit

    by chipmilke Jun 19, 2015 11:18 AM
    steve_382n steve_382n Jun 24, 2015 9:03 PM Flag

    I noticed PRs from most of the same companies for this years 7th Annual CEO Summit, but haven't seen anything from AEHR yet. Saw PRs from Brooks, Cabot, Cohu, InTest, Intevac, and MKS Instruments. The Q4 earnings were announced on July 17th last year, so maybe that would be too much action for one week. Also, with earnings only a few weeks away, they might wait for the earnings PR to make any announcements on orders, etc. "Fire all of your guns at once, explode into space". Apologies to Steppenwolf.

  • The "Sizing Up Small Caps" column has a nice article on Raven this week. I posted the entire article at the IV message board, but here is an excerpt from the story.

    IN THE PLASTIC-SHEETING business, oil-and-gas customers account for about 35% of sales. Raven also supplies sheeting and coverings to other industries, and to agricultural customers. That business, which has been strong, will help to offset the weakness on the oil-and-gas side, potentially leading to flat division revenue for the year.

    Raven’s participation in Google’s Project Loon could be a big opportunity that isn’t getting adequate credit from investors. Dougherty’s James says there is a 70% chance that Google will proceed with the project, perhaps by next year, which could mean orders for tens of thousands of balloons. James estimates Project Loon could generate $50 million to $100 million in annual revenue for Raven, and be worth between $4 and $8 to the stock. Raven has no competition in its ballooning business.

    Raven management is on the hunt for acquisitions, and has plenty of financial flexibility to make a deal. Maintaining the dividend is also a priority; the company has paid one for 42 consecutive years.

    While Raven’s business is cyclical, the company shouldn’t be dismissed. When markets turn up, the company’s shares are apt to take flight.

  • Reply to

    Last Year

    by assumption88888 Jun 21, 2015 9:00 AM
    steve_382n steve_382n Jun 21, 2015 10:13 AM Flag

    One other consideration. As we were closing out FY2014, it was apparent that AEHR would be at least marginally profitable for FY2014. This year will be another story. We will lose about $0.50 per share on the year and revenues will be down substantially also. Granted it looks better going forward with recent orders, but we still need new systems delivered if we are going to see the major gains we hope for. I suppose AEHR could be profitable just with old tech sales, but that's not what we want. We need a really good story or some big orders with the year end report.

  • Reply to

    CEO Summit

    by chipmilke Jun 19, 2015 11:18 AM
    steve_382n steve_382n Jun 19, 2015 3:48 PM Flag

    Old age, I guess. I was thinking about the Midtown CAP, which is in NY.

  • Reply to

    RUSSELL MICROCAP INDEX REBALANCE - AEHR

    by assumption88888 Jun 17, 2015 7:46 PM
    steve_382n steve_382n Jun 19, 2015 2:56 PM Flag

    Not so sure about that MUWarrior. The recent S-3 filing and related EFFECT filing imply that 1.4M shares for QVT have been registered. From the 13G for QVT:

    The percentage (9.99%) disclosed in Item 11 of the Cover Pages for each reporting person is calculated on the basis of (i) 12,709,054 shares of Common Stock outstanding, which was the total number of shares issued and outstanding reported in the Issuer’s Quarterly Report on Form 10-Q, for the quarterly period ended February 28, 2015, filed with the Securities and Exchange Commission on April 14, 2015 and (ii) 1,410,548 shares of Common Stock underlying the Issuer’s convertible notes, pursuant to Rule 13d-3(d)(1)(i).

  • Reply to

    CEO Summit

    by chipmilke Jun 19, 2015 11:18 AM
    steve_382n steve_382n Jun 19, 2015 1:36 PM Flag

    I thought this was in NY in previous years, but could be mistaken. At any rate, this year's is in San Fran, so they could attend both I guess.

    Seventh Annual CEO Investor Summit 2015 on Wednesday, July 15, 2015 in San Francisco, California.

    About The 7th Annual CEO Summit
    The CEO Summit is an accredited investor and publishing research analyst event that is held concurrently with SEMICON West and Intersolar 2015 in San Francisco. The event is hosted by executive management from participating companies and will feature a "round-robin" format consisting of small group meetings, each 30 minutes in duration.

  • steve_382n by steve_382n Jun 19, 2015 8:53 AM Flag

    Good article with realistic expectations about the future of AVD.

    Google for title below:
    American Vanguard Paying For The Recent Glory Days

  • Reply to

    RUSSELL MICROCAP INDEX REBALANCE - AEHR

    by assumption88888 Jun 17, 2015 7:46 PM
    steve_382n steve_382n Jun 18, 2015 8:57 PM Flag

    Guess we could all bid it up on Friday. Using 12,709,054 shares from the Q3 report (without the QVT stake), the $30M share price needed is a little over $2.36 per share. If you add in the QVT shares, we are well over it now. 5,000 or 10,000 shares at the market would probably push it through. Of course, another order might do the job also.

  • Form 4 out today. Director Quicke.

  • Reply to

    price is undoubtedly too low

    by algo41 Jun 18, 2015 11:06 AM
    steve_382n steve_382n Jun 18, 2015 1:55 PM Flag

    I would guess that without a 3rd party coming in to make an offer for SLI, current un affiliated share holders will be at the mercy of Warren and his minions. And the other sad part is, Warren is really the only one who knows what the value of the company is. He is unlikely to want to share knowledge with anyone else as long as he thinks he can get the deal done at his price.

  • Reply to

    Handy buyout?

    by steve_382n Jun 18, 2015 9:21 AM
    steve_382n steve_382n Jun 18, 2015 10:48 AM Flag

    Seems like the ambulance lawyers would be all over this if SLI doesn't shop the company around. Wonder if Gabelli would accept this offer.

  • Reply to

    Handy buyout?

    by steve_382n Jun 18, 2015 9:21 AM
    steve_382n steve_382n Jun 18, 2015 9:26 AM Flag

    Gentlemen:



    Handy & Harman Ltd. (“H&H”), a publicly-traded NASDAQ company and an affiliate of Steel Partners Holdings L.P. (“Steel”), hereby formally proposes to acquire all the outstanding shares of common stock of SL Industries, Inc. (“SLI” or the “Company”), through an appropriate acquisition entity, for a price of $43.00 to $45.00 per share (subject to limited confirmatory due diligence) (the “Transaction”). Our proposed purchase price represents a significant premium to the recent trading prices of the SLI shares. Our proposal contemplates that SLI stockholders other than Steel would be able to elect to receive cash or stock of H&H (with Steel electing to receive all stock), subject to proration so that the aggregate consideration consists of 55% cash and 45% H&H stock. Based on Steel’s status as a significant stockholder of the Company for over 20 years with representatives on its Board and a well-founded appreciation of its business and operations, we firmly believe the Transaction is in the best interests of SLI’s stockholders.



    The proposed Transaction would enable stockholders to both (1) realize immediate and certain value through the cash portion of the consideration and (2) receive a far more liquid security that would also allow stockholders to participate in the upside of a larger and financially stronger company. In addition to providing the stockholders of the Company with full and fair value for their equity, we believe the Transaction would far better position SLI for future growth and success as part of the H&H family of companies, produce significant cost savings and generate tangible synergies with H&H’s existing businesses.



    We propose that the Transaction be accomplished through a negotiated merger agreement with a customary fiduciary out but without a “go shop” given the Company’s knowledge of the market and the fact that the Transaction provides for SLI’s stockholders to have a continuing interest in the combined company rather

  • steve_382n by steve_382n Jun 18, 2015 9:21 AM Flag

    I haven't seen a PR yet, but there is a 13D/A with this statement below and the share price is up $5 per market.

    Item 4.
    Purpose of Transaction.

    Item 4 is hereby amended to add the following:

    On June 16, 2015, Handy & Harman Ltd. (“H&H”), a publicly-traded NASDAQ company and an affiliate of Steel Holdings, delivered a letter to the Issuer formally proposing to acquire all the outstanding Shares of the Issuer, through an appropriate acquisition entity, for a price of $43.00 to $45.00 per Share (subject to limited confirmatory due diligence). The proposed purchase price represents a significant premium to the recent trading prices of the Shares of the Issuer. The proposal contemplates that the Issuer’s stockholders other than SPHG Holdings would be able to elect to receive cash or stock of H&H (with SPHG Holdings electing to receive all stock), subject to proration so that the aggregate consideration consists of 55% cash and 45% H&H stock. The proposal is conditioned upon execution of a definitive merger agreement and other customary conditions for a transaction of this type and size, including obtaining any material consents. The proposal is not subject to obtaining financing. The foregoing description of H&H’s proposal letter does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the letter, which is attached as Exhibit 99.1 hereto and incorporated herein by reference.

  • Reply to

    RUSSELL MICROCAP INDEX REBALANCE - AEHR

    by assumption88888 Jun 17, 2015 7:46 PM
    steve_382n steve_382n Jun 18, 2015 9:11 AM Flag

    Might help volume a little. Minimum market cap is supposed to be $30M and we are a little below that per Yahoo today. Not sure what date they use for valuation.

  • steve_382n by steve_382n Jun 17, 2015 2:20 PM Flag

    I noticed that Advantest announced a new test machine this week that is supposed to start shipping this month. The market said "so what". The share price is down 10% or more in the last month. I don't know if this ATE machine is a direct competitor to some of the AEHR equipment.

    TOKYO, JAPAN--(Marketwired - Jun 16, 2015) - Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) (NYSE: ATE) has launched its new T5833 system, a cost-efficient, high-volume test solution capable of performing both wafer sort and final test of DRAM and NAND flash memory devices. Shipments to customers are beginning this month.

  • steve_382n by steve_382n Jun 17, 2015 11:54 AM Flag

    Just before noon and we have traded 121 shares. A "large" block of 100, followed by a moderate trade of 20, and then 20 minutes later, 1 share. How can you trade 1 share of a $2.00 stock?

    6/17/2015 10:05:00 PSE 100 2.23
    6/17/2015 10:05:00 PSE 20 2.24
    6/17/2015 10:22:00 PSE 1 2.23

  • Reply to

    New Leadership Please.

    by dividend_5021 Jun 16, 2015 2:55 PM
    steve_382n steve_382n Jun 16, 2015 4:51 PM Flag

    You know what, I think I agree with you.

  • Reply to

    Another new customer

    by steve_382n Jun 15, 2015 4:11 PM
    steve_382n steve_382n Jun 15, 2015 4:35 PM Flag

    The Feb. order was $2M for an ABTS-?, parts and support, so you might think the machine was $500K to $1M as a guess. Maybe closer to $1M, but who knows where the ABTS-P fits on the scale and the Feb. order didn't specify which model.

    Fremont, CA (February 23, 2015) - Aehr Test Systems (NASDAQ: AEHR), a
    worldwide supplier of semiconductor test and burn-in equipment, announced
    today that it has received follow-on production orders totaling over $2 million for
    an ABTS test and burn-in system and a package of support services and spares

  • Reply to

    Another new customer

    by steve_382n Jun 15, 2015 4:11 PM
    steve_382n steve_382n Jun 15, 2015 4:19 PM Flag

    If I read the PR right, this customer was using AEHR equipment at a third party's location and bought this for their own location.

    "This rapidly-growing fabless manufacturer of mobile chipset platforms for smartphones and other consumer electronics products was previously using Aehr Test's ABTS-L Burn-in and Test System at a test house in China," commented Mark Allison