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Gencor Industries, Inc. (GENC)

NasdaqGM - NasdaqGM Delayed Price. Currency in USD
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16.10-0.20 (-1.23%)
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  • Hard to believe this hasn't been taken over. Half the market cap in cash gives this a pe of 7-8.
    Somebody has to be drooling over this super bargain.
  • Gotta be insiders selling again. At $16 per share or higher they just sell aggressively. They need to find a more efficient way to place Houtkin's stock and maybe even some of the family owned stock.
  • concerning the officers and directors selling - pretty sure it was based an previous granted stock options that were recently exercised as part of their total compensation package. A common occurrence with public co.
  • Very true! For nearly a decade EJ Elliot saw the profitability of GENCOR and treated it as his own company for only him and family to enjoy the fruits of his labor disregarding the shareholders.Share price was not really a factor as his so called independent board passed whatever he and his family could benefit from-
    In fact he thought the company was so profitable that he painted a story of gloom and doom for the prospects of the company, that he actually attempted to take his co private with a promissory note of a dollar.
    It was at this time,the late Harvey Houtkin,who strongly believed in the deep value of the company had acquired a major position in GENC ,thwarted EJ Elliots attempt to go private and had individual investor Lloyd Miller III nominated to EJ Board of Directors
    Subsequently,the stock price soared to nearly $33/share!!!
    So no question there is tremendous value in GENC
    Son in charge,trump trillion spending hopefully,Mario Gabelli has been buying stock, Sherry Houtkin will agree to an institutional private placement!
    Finally, shareholders can also enjoy the successes of GENC.
  • Sanjay how did Elliot paint a story of gloom and doom? I see the filings for the tender offer in 2003 which only refers to a lack of liquidity and the cost of being public. I've been in this stock for a few years and am up over 200%. I've been reading the press release statements and Gencor has been very upfront about focusing on cost improvements in 2012 - 2015 when business was weak and then have had optimistic statements since the FAST Act in 2016. The company helped with the lack of liquidity by doing a stock split.

    Typically, I read CEO statements who are always optimistic about one segment or two of their business, even though results are weak.
  • cont. from last post: Second topic I would like to mention is the idea that genc is a good takeover candidate(which it is).It's prob not gonna happen since the co is structured like a quasi public private co. and the Elliotts and the their board members have the controlling voting "b" shares and it seems that if anything they want to grow the co by organic growth and maybe some timely acquisitions using the co vast cash reserves. So unless the two sons have a different vision for the company compared to their father I dont think its on the table. Of course depending on the premium the acquirer would give it always possible. Thks and comments are welcome
  • Gencor has a market cap of $230M and an enterprise val of half that $120M based on their strong cash position. PE is 27x or 14x without the cash. Recent growth has been tremendous. Margins are increasing. Stock seems cheap to me.
  • As a long term investor in this co. I would like to discuss some the topics mentioned in this forum. First I would like to comment on the situation with the Houtkins position(which is a legacy position from Harvey H). the family have been very long term holders of a big position in the co. and i would think that they want to stock to appreciate just like anyone that is LONG the stock. Of course with such a big position in a relatively small float I think it's astute and prudent for the family to lighten up when they can within the confines of the sec regs and law. It's called estate planning and all major shareholders in public co from the CEO's(of their own co.) on down do it on a regular basis. I really don't think its their intention to suppress the stock price(and i think the market can absorb the selling as evidenced by the upward trend).

    Saudi Arabia to Invest $20 Billion in Infrastructure, Mostly in U.S.
    By MICHAEL J. de la MERCEDMAY 20, 2017
    Continue reading the main storyShare This Page
    As President Trump begins his first presidential trip abroad in Saudi Arabia, an investment company run by one of his top supporters, the billionaire Stephen A. Schwarzman, has secured an enormous investment from the Middle Eastern kingdom.

    The company, Blackstone, which Mr. Schwarzman helped found, said on Saturday that Saudi Arabia’s sovereign wealth fund had committed $20 billion to a new investment fund aimed at infrastructure projects, primarily in the United States.

    The commitment is about half of the capital Blackstone plans to raise for the fund. All told, including potential borrowed money, the new fund could invest more than $100 billion in infrastructure projects, the company said in its statement.

    The fund was one of several business deals between an American company and Saudi Arabia announced after Mr. Trump’s arrival. At a ceremony in Riyadh on Saturday, General Electric said it had agreements for $15 billion worth of projects.

    Continue reading the main story

    Continue reading the main story

    And the Trump administration helped line up $110 billion worth of arms deals, negotiations in which senior officials played prominent roles. For instance, Jared Kushner, Mr. Trump’s son-in-law, personally called the chief executive of Lockheed Martin to cut the price of a radar system.

    What Saudis Get (or Not) in $110 Billion Arms Deal With U.S.
    What Saudis Get (or Not) in $110 Billion Arms Deal With U.S.
    The New York Times reporter Mark Landler details the U.S.'s 10-year, $110 billion weapons deal with the Saudis, and what it means for both sides. By NATALIE RENEAU on Publish Date May 19, 2017. Photo by Evan Vucci/Associated Press... Watch in Times Video »
    Lockheed Martin has since announced, among other deals, a $6 billion commitment to building 150 Black Hawk helicopters in the kingdom.

    In its statement on Saturday, Blackstone said it had begun discussions with Saudi Arabia about a year ago. The American investment company said it had already invested in over $40 billion worth of projects tied to infrastructure over the last 15 years.

    Investing in American infrastructure has been advocated by lawmakers and business leaders for some time, with both Mr. Trump and Hillary Clinton endorsing modernizing aging airports, bridges and energy systems through public-private partnerships.

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    Yasir Al Rumayyan, the managing director of Saudi Arabia’s Public Investment Fund, added: “This potential investment reflects our positive views around the ambitious infrastructure initiatives being undertaken in the United States as announced by President Trump, and the strategic opportunity for the Public Investment Fund to achieve long-term returns given historical investment shortfalls.”

    For Saudi Arabia, the new fund is yet another step toward diversifying its enormous oil-based economy. The kingdom has already announced what it calls its Vision 2030 plan, under which the country has prepared to list its state-owned oil producer, Saudi Aramco, on the public markets.

    Earlier on Saturday, the Japanese telecommunications giant SoftBank announced the first end of the first round of fund-raising for its Vision Fund, a planned $100 billion technology investment vehicle to which the kingdom had pledged $45 billion.
  • Nice to hear the optimism from Vulcan, Martin, Summit and Granite on the prospects for their business, based on their recent conf calls. I assume this will translate into more capital equipment purchases, which should benefit ASTE, GENC and CAT.
  • Fantastic 2Q17 results. I firmly believe GENC is an acquisition candidate, pure play, outstanding fundamentals, a premium product that surpasses ASTE's . Need a weakening dollar and an intlernational conglomerate may emerge...
  • Gencor running two shifts at both locations...
  • Everyone wants to save the earth, http://dataunion.tistory.com/9848

    Gencor Industries NASDAQ $GENC Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.6 In other words, the correlation coefficient of the other stock
  • Gencor is a serious acquisition candidate, pure play in the strongest market, outstanding fundamentals, premium product (yes the Cadillac of asphalt, much better than Astec) ask anyone in the field. Just need a weakening of the dollar and an international conglomerate may emerge...
  • Gencor mentioned in Barrons. Actually, an interview with Mario Gabelli in Barrons he mentions Gencor and Astec surging due to visibity of infrastructure spending.

    Last year Mario mentioned Gencor and Astec on CNBC and both stocks doubled over the following 8 months.
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  • Solid report. Revs up 19%, Operating Margins up 17%, Backlog up 30%.
  • Buying on the dip at 14.50. In the 3rd Q, GENC had fantastic numbers Revs up 80%, Gross Profit Margin up 20%, Operating Margin 14% vs. 3% and the stock fell almost 20% and the CFO bought in the open market. The stock rallied 50% in a few months.

    Last week GENC post strong numbers and the stock has sold off. The company has many tailwinds that they identified.
  • For an industrial, market cap very high compared to sales - promising but stock extremely extended?