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RPM International Inc. (RPM)

NYSE - Nasdaq Real Time Price. Currency in USD
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50.92+0.35 (+0.69%)
As of 2:46PM EDT. Market open.
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  • S
    Shaggy
    Shaggy
    willy, with the Tremco roofing business and the building envelop businesses I believe you are absolutely spot on.
  • J
    John
    John
    Received my copy of RPM's 2017 Annual Report yesterday. The huge drop in the Consumer Products Segment EBIT, from $268 million in 2016 to $59 million in 2017, would seem merit a fuller discussion by the Chairman and CEO in his letter to shareholders.

    Mr. Sullivan remarked on the 78% drop in segment EBIT as follows: "Excluding the Kicker goodwill impairment charge in the second quarter and a severance charge of $4.3 million in the second quarter, as well as the Kicker earnout reversal last year, consumer EBIT decreased 0.8% to $251.6 million from $253.7 million a year ago."

    When Kicker was acquired in 2012, they were reported as having sales exceeding $100 million per year. This "goodwill impairment charge and earnout reversal" must have approached $200 million. Kicker makes "finger nail coatings" for gosh sakes. Why was this level of goodwill booked at the time of acquisition? Did RPM grossly overpay for this business? Is it profitable? How was this over-estimate possible? Please help us understand. Let's have some Buffet-like remarks--- if it was a crummy decision, let's hear that and let's hear how this specific business is doing today. What's our plan? Did we put a for sale sign in the front yard?

    RPM is justifiably very proud of its dividend record, but this mistake left our dividend payout ratio at 86%.

    This goodwill impairment was likely discussed in the second quarter release, but it merits further and fuller disclosure and discussion by the Chairman/CEO.
  • w
    willy
    willy
    I would think that with all the storms and destruction happening that RPM could anticipate much stronger sales next year.
  • J
    John
    John
    Pages 42 and 43 in the 2017 Annual Report discuss the Kicker impairment assessment. It may be difficult to summarize this $141 million hit, but to quote the report "no goodwill remained on the Kicker balance sheet as of November 30, 2016." That comment could be turned into a positive in the CEO"s letter... an it sure seems like something material. Enough said.
  • J
    Joe Mama
    Joe Mama
    I just had the walls at work painted with a high-tech paint from Rustoleum.
    The walls can be written on like a white board and simply erased.
    Our painters told us there are a ton of orders for the high-tech paint.
  • J
    Joe Mama
    Joe Mama
    RPM is getting more attractive under $50...
  • J
    Joe Mama
    Joe Mama
    Headwinds are tax rates and currencies. RPM guides down for fiscal 2018.
    Sales growth increased 5%.... but, this is a weak EPS report...
  • J
    Joe Mama
    Joe Mama
    Headwinds in 2017 turn into tailwinds in 2018.
    The conference call explained in detail the factors leading to a disappointing 2017 and a promising 2018.
    I am sticking with RPM, and believe they will execute better next year, and outperform their peers.
  • W
    William
    William
    RPM changing ticker to SMD
  • J
    Joe Mama
    Joe Mama
    A new all-time high of $56.48 on June 19...
  • J
    Joe Mama
    Joe Mama
    The economy in Europe is rapidly improving and that will be a tailwind for RPM going forward.
    RPM does quite a bit of business in Europe, and with the US dollar weakening a bit, and the European economy improving, I see a headwind becoming a tailwind for this stock. New highs, and blue skies in 2017...
  • C
    Cynthia
    Cynthia
    Bullish crossover in MACD and Stochastic oscillator. Technical 80% chance bullish at foxchart.
  • J
    Joe Mama
    Joe Mama
    Lowered Guidance by five cents from $2.72 to $2.67 on the high end. Frank likes to underpromise and over deliver (UPOD)! The change acomes on a one-time charge. My guess is the stock will over react to the downside giving investors a chance to add or intiate a position. 2018 looks strong and the stock will rebound. Maybe, we get that chance to buy under $45 only to see the equity rebound to $55-$60 later in 2017?
    I will be patient waiting for the chance to add at a lower price.
  • I
    ICDC WEB
    ICDC WEB
    Good time to add today or wait for under $50 entry?
  • F
    Fun
    Fun
    RPM a 5% growth play per year with appreciation and 2% dividend...
    probably safe with no substantial upside potential..
    A little bit better than a Tax Exempt bond play in my opinion...
  • J
    Joe Mama
    Joe Mama
    RPM at $55 looks a bit rich to me. The entire market is expensive, and I would be more comfortable buying RPM under $50.
    I believe that opportunity will present itself sometime in 2017?
  • D
    Danielle
    Danielle
    RPM appears to suggest upside opportunity. if you guys have questions you should ask awesomeSTO-CKS. They often respond to my emails which is helpful.
  • J
    Joe Mama
    Joe Mama
    RPM is outperforming every stock in my long term portfolio.
    I hold BMY, WFC, GIS, CSCO, TGT, RPM, PCG and XOM.
    All pay decent dividends. RPM stock performance has been superior....
  • A
    April
    April
    Do you think this EPS estimate for next year of 3.02 is showing us a buy signal now on RPM? I mean its not the end all be all of indicators but its definitely a good guide stick from my experience. check out awesomeS-TOCKS, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
  • J
    Joe Mama
    Joe Mama
    GOP tax plan might be a boon to RPM?
    CEO wants less regulation, and it looks like he will get it.
    RPM could be in for a nice ride the next few years...