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AMCOL International Corporation Message Board

steve_382n 94 posts  |  Last Activity: Aug 29, 2014 2:38 PM Member since: May 18, 2010
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  • steve_382n by steve_382n Jun 6, 2014 9:09 AM Flag

    OK, at the risk of sounding like a pumper (guess I am really), I think Hurco could earn over $2.00 per share this year. Should pick up some good orders at the IMTS show in September. If we are really starting to see growth return to Hurco, the shares should be trading at a PE of 20, or a price of $40. JMHO.

  • Reply to

    Good company - bad stock price

    by greendog03 Aug 20, 2014 9:24 AM
    steve_382n steve_382n Aug 20, 2014 11:13 AM Flag

    Looks like the hopeful are already pulling it back up. I think even 24 or so might be OK, but not 29. Found it interesting that ag demand helped films and hurt applied technology this quarter. The recent weak forecast by Deer doesn't bode that well for AT either, not to mention record harvest predictions and low prices for grains. Not selling, but not willing to buy more yet.

  • Nice orders.

    Hurco has hailed this year's MACH show in April as its most successful ever, bagging 27 orders valued at nearly £2 million at the show and just after.

    The tally was 70% up on the 2012 edition of the exhibition, which itself was a record year for the company.

    Demonstrations of a third-generation, vertical spindle machining centre, the VM10i, attracted the most attention. The machine has longer travels and faster rapids than earlier models, a 10,000 rpm spindle and Ultimotion high speed profiling software as standard. The helical pocketing demonstration in steel was a particular draw, which showed the exceptional speed and rigidity of the machine.

    David Waghorn, managing director, commented: "Machinists were able to make a direct comparison at the show between this model and other low-cost, entry-level machines.

    "It resulted in orders on the stand. In many cases, the customer had come to the show expecting to buy an alternative brand."

  • Reply to

    could have fell to $10.

    by eternal_life_1 May 28, 2014 4:15 PM
    steve_382n steve_382n Jun 3, 2014 10:42 PM Flag

    I might be a little concerned about the dividend. Trailing 12 months earnings are $0.51 and annual dividend is $0.40. That's a pretty high payout ratio if they can up the earnings.

  • Reply to

    Break even revenue, just great

    by johnrobert1964 Jul 18, 2014 4:34 PM
    steve_382n steve_382n Jul 18, 2014 4:58 PM Flag

    Yup, warning comes after the close on a Friday. Can't believe they are going to do 2 conference calls in a week and a half. Only bright side is that perhaps as I have suggested, the people that have access to the company already knew this and we could still be near a bottom.

  • Rheumatoid Arthritis Therapies = RAT
    Anyone remember symbol HIV?

  • Reply to

    Fanostan - Still here?

    by steve_382n May 22, 2014 4:14 PM
    steve_382n steve_382n Jun 9, 2014 9:50 PM Flag

    Thanks Fanostan. It's a hard call. I have shares that I bought as low as $8.00 (maybe less really) and as high as $30.00. After watching it drop to $14, I kind of hate to bail out at what could be the bottom. It was pretty disappointing that they really had no idea what kind of inventory levels they had in the pipeline. I am hoping they are putting procedures in place to monitor these inventories even down to the farmer level. You can't decide how to run your production if you don't know there is a years worth of inventory still in the pipeline. I sold about 15% of my shares, but will probably hold the rest at least through the next earnings release.

  • Algo, you probably have read these already, but I posted an article on upcoming accounting rule changes for revenue recognition on the Investor Village message board for Raven Industries. It's hard to post the articles on Yahoo, but I will give it a try.

  • OK, I was kind of bored so I went back to see when SP (aka Warren L) first took an interest in SLI. Looks like SP first filed a Form 4 in September 2003 and gradually added more shares finally filing a 13D in 2006, SP bought 1,449, 650 shares for $10,711,807 or about $7.40 per share. As of June 2012, it is now trading at about $30 per share. If you use the 2003 date and price and calculate the return since then it works out to about 14% per year compounded. Not bad I guess considering the market gyrations in 2008/9.

  • Reply to

    Who could be selling?

    by johnrobert1964 Jul 10, 2014 7:15 PM
    steve_382n steve_382n Jul 11, 2014 9:12 AM Flag

    It's only due for a rebound if they are going to fix the earnings. Right now, the estimate is for earning $0.61 for the year. If you give that a 15x PE, that's only about $9 share price. So unless the analysts are wrong and AVD is really doing better than that, Fan may be right about the single digit price target.

  • Reply to

    Break even revenue, just great

    by johnrobert1964 Jul 18, 2014 4:34 PM
    steve_382n steve_382n Jul 21, 2014 2:02 PM Flag

    Hmmm. Up a dollar. Looks like all the big players already knew about the warning again. At least he said inventory channels are now near normal levels. In 2015 they expect to see more normal buying patterns. Also sounds like the dividend will not be cut.

  • steve_382n by steve_382n Jun 19, 2014 3:05 PM Flag

    The only consolation I can get from this report is that they had no idea things were getting bad earlier and maybe they still have no clue.

    June 19, 2014 2:50 PM EDT

    Topeka Capital maintained a Hold rating on American Vanguard Corp. (NYSE: AVD) and reduced its price target to $15.50 (from $17.00).

    Analyst Chris Kapsch said, "We are further reducing our 2014 estimate for AVD, primarily on continued margin drag associated with factory overhead cost absorption issues, which may now persist even into 2015. Near-term, we also now anticipate even greater investor consternation about continued bloated, if not growing Company product inventories, adverse working capital, and therefore cash implications and possibly adverse consequences regarding loan covenants. Our revised price target of $15.50 (down from $17) is based on a lower multiple assumption on our 2015 EBITDA forecast, reflecting increased risk and continued absence of visibility regarding the Company’s ability to demonstrate more normalized earnings power."

  • Reply to

    SP still buying shares

    by steve_382n May 22, 2014 9:53 PM
    steve_382n steve_382n Jun 24, 2014 7:23 PM Flag

    They filed another Form 4 today, but only added about 2,000 shares in the last month. I added more than that.

  • Reply to

    To all Shorts

    by dividendguy Aug 12, 2014 2:19 PM
    steve_382n steve_382n Aug 13, 2014 11:59 PM Flag

    Not sure it's really shorts. This stock went from about 7 to 60 in five years. That's a pretty good run. May be getting back to a good entry level. Has seemed too overbought for me since about 25. Ha, obviously I would have been smart to buy at those levels.

  • steve_382n by steve_382n Aug 23, 2014 12:45 PM Flag

    Latest 8K seemed positive to me. Excerpt:

    July 2014 Orders Comments

    Trailing three-month order trends improved consistent with previously communicated expectations, reflecting gradually recovering global business investment. Underlying orders grew 7 percent, excluding 1 percentage point from currency translation, with growth strongest in North America. All segments accelerated, led by robust growth in Process Management.

    Process Management orders growth accelerated, led by favorable oil and gas market conditions in North America. Growth remained strong in Asia, as India and South Korea more than offset continued weakness in Australia, and demand improved in Europe, supported by strength in the North Sea region. Latin America was slow, as strong demand in Mexico contrasted with broad weakness elsewhere, and conditions remained unfavorable in Middle East/Africa. Currency translation added 3 percentage points.

    Industrial Automation order trends reflected solid growth, as global demand for capital goods continued to recover slowly. Strength in power generating alternators, electrical distribution, and fluid automation offset slower market conditions for motors and drives, particularly in Europe. Currency translation added 1 percentage point.

    Network Power orders grew moderately, reflecting robust demand in Asia and improvement in North America and Latin America. Strong growth continued in the telecommunications infrastructure business and data center markets improved broadly, except for Europe. Currency translation added 1 percentage point.

    Climate Technologies orders growth reflected continued industry momentum, particularly in North America residential air conditioning markets that benefited from demand acceleration related to upcoming regulatory changes. Market conditions remained solid in Asia, with more modest growth in Europe. Growth moderated but continued in the refrigeration business, and sensors and controls demand remained soft.

  • Reply to

    Major Option Exercises today

    by assumption88888 May 19, 2014 7:46 PM
    steve_382n steve_382n Jun 2, 2014 9:02 PM Flag

    Looks like Hendrickson did 30,000 today, also with no sales so far. Good sign. We only traded 54 shares today, so the IR firm still has it's work cut out.

  • Steel Excel Inc. Board Approves Effective Date for Reverse/Forward Stock Split

    White Plains, N.Y., June 6, 2014 – Steel Excel Inc. (Other OTC:SXCL) (the “Company”) today announced that its Board of Directors approved an effective time and date of 5:00 p.m. Eastern Time on June 18, 2014 (the “Effective Date”), at which the Company will effect a 1-for-500 reverse split (the “Reverse Split”), immediately followed by a 500-for-1 forward split (the “Forward Split,” and together with the Reverse Split the “Reverse/Forward Split”), of its common stock. The Company’s stockholders approved a proposal authorizing the Board of Directors to effect the Reverse/Forward Split at the Company’s 2014 annual stockholders meeting on May 27, 2014.

    As a result of the Reverse Split, stockholders holding less than 500 shares (“Cashed Out Stockholders”) will receive a cash payment for all of their shares. Cashed Out Stockholders will receive a cash payment from Registrar and Transfer Company, the Company’s transfer agent, based on a per share price equal to the closing price of the Company’s common stock on the Effective Date. If a stockholder holds 500 or more shares immediately prior to the Reverse Split, no fractional share will be cashed out as a result of the Reverse Split and the total number of shares held by such holder will not change as a result of the Reverse/Forward Split. A stockholder owning 500 or more shares may nevertheless have those shares cashed-out if the stockholder holds shares in a combination of street name accounts and record holder accounts, or holds shares in separate accounts in several brokerage firms. If a stockholder holding fewer than 500 shares wants to continue to hold common stock after the Reverse/Forward Split, such stockholder may do so by taking either of the following actions far enough in advance so that it is completed by the Effective Date: (A) purchase a sufficient number of shares so that such stockholder holds at least 500 of

  • Reply to

    New CFO announced today

    by steve_382n Jun 23, 2014 5:27 PM
    steve_382n steve_382n Jun 24, 2014 9:47 AM Flag

    Yes, but the guy that's leaving has only had the position for a year and a half. Maybe he was using ATNY as a stepping stone. Another possibility though is the Steel Partners connection. Sometimes when they take a large position in a company, they manage to put their own officers in top positions at the company. I would say if profits don't improve quickly, we might see some of that here.

  • Reply to

    New VP of Ops and Mfg

    by steve_382n Jun 3, 2014 7:58 AM
    steve_382n steve_382n Jun 10, 2014 5:48 PM Flag

    I think you are correct MUW. I see today that there is a Form 3 showing an options award of 80,000 shares for him. Good to have him with a stake in the share price also.

  • Reply to

    could have fell to $10.

    by eternal_life_1 May 28, 2014 4:15 PM
    steve_382n steve_382n Jun 4, 2014 6:21 PM Flag

    Looks to me like they had FCF of $40M last year and paid dividends of $30M. That's a pretty high payout also.

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