Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (2908)	10/10/2011 7:20:44 PM
From: richardred	Read Replies (3) \| Respond to of 7239

I also have a liking to companies I can follow closely. I call them my backyard companies. I own Ultralife, Lyon's National Bank, Veramark, & Harris, Harris has it's RF communications division in Rochester (most profitable division). ITT has it's Gould's pump division in Seneca Falls. I sold my IEC electronics earlier in the year. I also have Seneca Foods -SENEA on my watch list. In the past my Champion Products was bought out along with my Genencor & Sybron.

To: ~digs who wrote (2908)	11/6/2011 11:30:56 AM
From: richardred	Read Replies (1) \| Respond to of 7239

Dave nice call on ARCI. Aside from having a good chart. Earnings were exceptional . Appliance Recycling Centers of America Reports Strong Third Quarter Operating Results Reports Diluted Quarterly EPS of $0.30 prnewswire Press Release Source: Appliance Recycling Centers of America On Thursday November 3, 2011, 5:40 pm EDT MINNEAPOLIS, Nov. 3, 2011 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ:ARCI - News) today reported strong operating results for the third quarter ended October 1, 2011. Operating income for the third quarter increased by 122% to $2.9 million from $1.3 million in the same period of the prior year. The increase in operating income for the quarter was driven primarily by higher revenues across both of the Company's retail and recycling operating segments. Diluted earnings per share for the third quarter of 2011 increased 88% to $0.30 from $0.16 for the third quarter of 2010. Edward R. (Jack) Cameron, President and Chief Executive Officer, commented, "I am pleased to report that our third quarter results were driven by a strong upturn in revenues in both our retail and recycling operations. Despite a retail appliance environment that remains highly competitive, our ApplianceSmart stores in three of our four markets achieved solid increases in sales, with the fourth market remaining steady. Indications are that our rebranding effort is connecting with consumers, while our refocused advertising plan has allowed us to reduce our overall advertising expense. Our recycling segment saw a significant increase in revenues and profitability in the third quarter, spurred by increased volumes generated through a major utility customer's refrigerator replacement program. For this program, we remove and recycle energy-inefficient refrigerators and replace the units with new ENERGY STAR® models, which we purchase through our retail operation. All in all, we are pleased with our progress through the third quarter of 2011 and plan to continue our aggressive retail and recycling efforts during the remainder of the year." On November 2, 2011, the Company was notified by its Executive Vice President, Chief Financial Officer and Principal Accounting Officer, Peter Hausback, that Mr. Hausback is resigning and has accepted another position in a non-competing industry. The Company is beginning the search to find a replacement for Mr. Hausback. President Jack Cameron stated, "Peter has made significant contributions to ARCA over the past three-and-a-half years and we are grateful for the counsel and leadership he has provided. His skills, depth of knowledge, and innovative approaches to our operations will be missed by all of us at ARCA, and we wish him the very best in the future." Highlights of the third quarter of 2011 included: * Continued strong revenues and profits generated by the recycling segment. * Strong retail comparable store revenues, which increased 13.7% over the third quarter of 2010. * Total revenue growth of 31.2% and a 122.2% increase in operating income over the same period of 2010. * Diluted EPS growth of 87.5% to $0.30 for the third quarter compared to the third quarter of 2010. * Pre-tax earnings growth of 148.7% to $2.7 million from $1.1 million in the third quarter of 2010. * Announcement of the November 2011 opening of the 20th ApplianceSmart retail store, which will be located in the greater St. Cloud, Minn., area. finance.yahoo.com