definite accumulation 3,000 bid @ $7.55 & 1100 offered @ $7.62 awaiting news!
sells @ bid includes shorts of 100 shares consistently, though not much buying @ ask yet! ARTW reveals trade shows and impact news of Agro Trend all quiet a usual tactic for management accumulating all agreements with interested parties in Canada and Italy?
Author makes case to breaking up ARTW and selling Vessels division taking profits and re-investing in farm machinery, etc. Article sent to Wall Street investors, hedge funds, analyst, etc. Most interesting is not only his work and theory but his 2 responses to comments made after article. He is a Seeking Alpha Pro and it costs upwards of $24,000 year for receiving alerts and information one day earlier then general public receives same. He makes his case by taking facts and theory from conference calls and 10Q filing. Most likely he has upset some people.
dated june 7, Friday. high grade momentum! low grade for insider trades (Joe Dancy sell) otherwise most likely would have been much better then an average grade. ARTW still to release major news on Canadian buyout and expansion.
so corn is rated on barchart 24% buy while soybeans rated 72% buy! stabilization in pricing power. gold is rated 64% sell and silver 72% sell. weather related in grains and economy related at 2% growth auto's booming with little summer shutdown, housing sales strong. though wall street is screaming about rising interest rates they still are historically low at least 3% under historical conditions. its not about debt and spending its about rising fuel (gasoline).
Canada looks bullish
division to Arts-Way-Manufacturing with licensed accredited certified research modules which can be installed in United States or overseas such as China, South America, Europe etc with over $50 million in bids outstanding plus! Some of these bids may take years to fund. . Last year approximatelty $10 million dollar job completed for Stanford University which was funded by private dollars. Though cuts in government funding have taken its toll more research will now be in demand with problems in food supply here and overseas. Chinese recognize this and that is why Smithfield Foods commanded such a huge premium. Arts-Way-Scientific virtually has no competition in certified research labs on demand manufactured in factory and shipped and assembled on site. I expect more leads from World Pork Expo in Des Moines, Iowa
attend Trade Expo including seminars on "Feeding Pigs for People, Planet, Profit.
among notables University Arkansas, various Chinese co's, ADM Allaince Nutrition, Bayer Healthcare, Cargill, JB Hunt Transport, Merck Animal Health, Novartis Animal Health, Purina Animal Nutrition, Ram Trucks, Zhulin Shanghai Technology, including many Genetic co,s and Arts Way Manufacturing with open house at Deere. Held at Iowa State Fairgrounds in Des Moines, Iowa.
corn rated 56% buy: soybeans 80% buy turnaround from analyst predictions! weather related due to change?
first of all remember tank deal for Vessels it was an old line company that was in reality a sales agent in business formerly manufacturing and servicing industrial tanks & vessels. Well they just did a No show on closing. So we have two countries various laws etc. ARTW has been thorough in purchasing. normally they announce when market is open or minutes before opening. hopefully all details will come out. this could cause re-action in stock based on revenue and does ARTW work out details with other farm machinery manufacturers to continue distribuition? Opening up Canada is larger then this deal. it changes sweet spot of sales which is 200 miles around ARTW warehouse and manufacturing plants. ARTW has traditionally low overhead and will add more independent dealers. The game plan is diversification.
timeline was May! Details coming. Universal Harvester last purchase strong and accreditive to earnings for year looking forward more same.
on May 21 I reported a short attack again. An organized effort of sells from the open primarily thru the first hour of 100 plus sells to bid. No news was reported by ARTW. lets look at trading pattern before that date: 5-16 : open $7.74 close $8.00, high $8.00, low $7.40 showing strength high @ close. 5-17: open $7.99, high $8.37, low $7.91 close $8.14 more strength. 5-20, open $8.21, high $8.44, low $8.18 close $8.35 continuing higher, 5-21, open $7.58 considerably lower on selling low clear down to $7.00 near open, high $8.22 close $7.75. volume spiked from average volume 10 day (12,300) to 27,200 that day. days before volume had increased. average volume 3 months 9,365. since then volume has gone back to normal. with shorts reporting???? which is questionable because in past shorts not reported on Berlin market etc was approximately 50% normal volume. so figuring the short position is in and out frequently how much volume is shorting and covering? obviously shorts attacked and did get stock below $7.00 and of this time did not break 50 & 200 day support. and unsucessfull attack. Why? well the 50 day moving average is $6.69 and 200 day $6.41. so anyone thinking short position like my colleague I disagree it is high percentage volume.
on open 6,000 shares shorted in collected attack by blood thirsty shorts looking at month old news by board member Joe Dancy whom had owned over 7% of ARTW with his fund LSGI Advisors and wife. his planned sale of 30,000 shares in poor timing was before announcement of coming purchase of Canadian distributor and manufacture of farm equipment Agro Trend. Joe Dancy before being on board participated in conference calls and is a long term holder of ARTW shares and in capacity at LSGI Advisors advises University of Michigan investments and or classes in financial planning. Looking at sale it was done at bottom before stock re-acted to expansion in Canada and after CEO reported in conference call that even without Scientific's huge $10 million dollar order of last year and profit from same earnings would not be down but flat. With Universal Harvester this being first full year in earnings as OEM manufacturer in replacement reels contributing to earnings. Without knowing details of Agro Trend I have to believe since they have been an ARTW distributor in Canada and a manufacturer of their own farm equipment this purchase will be accreditive to earnings and open up Canadian market to whole ARTW line of farm equipment and possibly Vessels the liquid container division and Scientific the lab research division related to farm animal research etc. I believe at this point P.E. going forward is 10 and ARTW has had a low debt level recently with no short term debt. ARTW has been undervalued this may be just beginning lets see if market shrugs off this attack and ARTW can reach new highs? Do your own due diligence as these are the facts as I understand some of details may not agree with some. I continue to invest in ARTW. Finally it is reported by Joe Dancy he is adding 4,000 shares due to his status on board.
no reason it cannot be there! 15 p.e. at that level is reasonable for expansion in Canada. Obviously they we're in Canada selling to distributor now the level of penetration to Canada will greatly expand.
ace in hole for production problems or new suitor?