Mike,
you wrote-
I like green and Guinesses' carbon fiber plays feed into that concept. I haven't bought a yacht on my HXL profits yet, but it hit a new 52 week high today and I'm not crying in my beer. Makes it too salty. <G>
Not even crying with joy? <g>
Not sure if you were watching but CYT blew the absolute socks off expectations on Tuesday after the bell. The analysts were expecting $0.67 but were a bit off as CYT posted $1.24. Just a small error. <G>
Some heavy hitters like Goldman were on the call, so it's a bit hard to fathom that even they blew the estimates so bad.
Anyway, the carbon fiber division was only part of the success story there, and not even the main triumph although they did do well.
One reason I bring this up is that HXL is reporting after the bell today. Estimates range from 15-19 cents, averaging 17 cent/share. Interestingly, HXL has considerably more analysts following it than does CYT even though CYT has almost three times the revenues.
One other note. Check out the bio on HXL's CEO(who is also chairman of the board):
[SNIP]He served as President of Hexcel Corp. since August 2009. He served as President of the Automotive Systems Group of Honeywell International Inc. (a Manufacturer of Aerospace Products and Services, Specialty Materials, Automation and Control Systems and Transportation and Power Systems), from 1997 to 2001 and Vice President and General Manager of Engine Systems and Accessories, at AlliedSignal Aerospace from 1994 to 1997.[SNIP]
Kinda interesting that he got the nod recently and that he has some major experience in the automotive area. Of course, he also has the aerospace part covered too but I think it's no coincidence that he's very experienced dealing with the Detroit crowd.
Lots of HXL management comes from Honeywell. You know anything about the quality of HON management over the years? I seem to remember that they are highly regarded, but may have them confused with some other company.
Kind of a nice day. Both HXL and GEOY hitting 52 week highs today. You ever buy any GEOY? They are reporting two weeks from tomorrow(that's when their quarterly CC is being held, anyway). I'd expect some upside surprise there. I imagine that they got a lot of business in May and June from the Gulf of Mexico oil thing.
craig |
